Extra Space Storage - $EXR - Long from $68

Looking on the daily chart price has formed a strong marubozu candlestick. This shows strong selling pressure throughout the session.

I believe we could see $68 where price may bounce and head back towards the 72 level. 68 coincides with the 50 MA.

We can see the current range is basically a copy of the previous range which we broke out of last month (range of $4).