Elpidaldo

AHT: REOPENING PLAY WITH GOOD POTENTIAL

Long
NYSE:AHT   Ashford Hospitality Trust Inc
ATH: Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.
Why I'm buying at these levels:
-ATH has now corrected to its 0.168 Fibonacci retracements (blue zone on the chart).
-The Demark TD sequential is on a 8 daily, showing good chance of reversal.
-The 50 EMA is supporting the price.
-Fundamentals reasons: the economy is reopening, people just want to travel and are going back to hotels

Targets on the chart: 7.79/9.11/12.80/14.14

Stop loss just below the EMA 50 and blue zone.

Trade safe.
Trade closed: stop reached: Reverse split news destroying the stock. Nothing you can do about it. Stop loss triggered.
If you're not in the stock, 2.90 is a good level to buy a bit.

Comments

Well done 👍🏻
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