NSR 0.39% $2.53 national storage reit

Technically it looks bullish but I don't understand why it...

  1. 408 Posts.
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    Technically it looks bullish but I don't understand why it should be on a fundamental basis. Are people chasing the dividend?

    1. Breakout above swing point high (1.52) on daily time frame.
    2. Volume increase last 8 days showing strong buyer support with this rally.
    3. Next resistance 1.545 (if it breaks above this level watch out).
    4. Weekly MACD about to cross above zero (ie 12 EMA about to cross above 26 EMA) - Bullish
    5. Break above top Bollinger Band on weekly time frame - Bullish

    Daily Bar Chart
    NSR Daily Breakout 2017-06-23.png

    Weekly Bar Chart
    NSR Weekly Breakout Potential 2017-06-23.png

    Weekly MACD Chart
    NSR MACD Weekly 2017-06-23.png

    Weekly Bollinger Bands
    NSR Bollinger Band Weekly 2017-06-23.png
 
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