Extra Space Storage Inc (EXR) is a self-administered & self-managed REIT. The company owned &/or operated 1,906 self-storage stores in 40 states. The company offers customers a wide selection of conveniently located & secure storage units across the country, including boat storage, RV storage & business storage. It is based in Salt Lake City, Utah, comes under Real Estate sector & trades under “EXR” ticker as NYSE.
EXR made all time high at $228.84 recently after March-2020 global sell off as sequence. It proposed ended short term correction at $167.94 low against all time high & expect to resume higher, while dips remain above there.
EXR : Elliott Wave Latest Daily view :
During March-2020 global sell off, it made an intermediate low at $72.70 on 3/23/2020. Then, it started impulse sequence higher. It placed ((1)) at $105.02 high & ((2)) at $80.86 low. ((2)) was 0.764 retracement against ((1)). Above there, it started third of third wave extension. It finished ((3)) at $194.67 high on 9/08/2021. While below there, it placed ((4)) at $165.97 low as 0.236 retracement against ((3)). Finally, it favored ended ((5)) at $228.84 high on 12/31/2021 as wave I.
Below $228.84 high, it proposed ended II at $167.94 low on 5/20/2022. It placed ((A)) at $186.71 low & ((B)) at $222.35 high as flat correction. Finally, it finished ((C)) leg at $167.94 low between $180.06-$153.84 as blue box area within II correction. While above there, we like to remain long from the blue box area for wave III higher or at least 3 swing bounce as connector within larger double correction. Currently, it favors wave 1 higher.
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Source:-forecast.com/stock-market/exr-is-it-ready-for-next-rally/
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