Monday, March 23, 2009

Public Storage (PSA) - Testing resistance / Prueba en resistencia





English-
PSA - The stock is moving higher in pre-market today which is an opportunity to short strength. I see people pulling their stuff out of storage and selling it or storing it in cheaper storage facilities (see picture above), why pay rent for "stuff". The stock is in a downtrend and any move higher should be viewed to short. Resistance is at the 60.00 level but moves to the half candle (Thursday mid point) in our opinion is a good short entry point. Price targets are 47.00 in the near term.


Español-
PSA - La accion sube en el pre-mercado que no da oportunidad para abrir cortos. Vemos gente vendiendo sus cosa y no guardando en sitios de pago, especialmente cuando se puede guardar en sitios mas economicos (ver foto). La accion es bajista y los movimientos alcistas son para abrir cortos. Resistencia se encuentra a 60.00 pero una movida a la mitad de la vela del jueves en nuestra opiñion es ideal apra cortos. Objetivos de 47.00 al corto plazo.


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