ESS is showing a classic Rectangle. Don't miss the move.
Sideways movement between parallel supports.
Bullish continuation pattern.
Consolidation. Can break either way.
Traders are watching Essex Property Trust (ESS) as price action tightens. The stock is trading at $273.71, down 0.25% on the day. Price action has carved out a classic Ascending Triangle. This setup is supported by average volume turnover. A potential breakout level is identified at $288.31, targeting $313.13 with support near $273.19 (R:R 1.64).
What is your outlook on ESS?