AHT - Bearflag or reversal?

NYSE:AHT   Ashford Hospitality Trust Inc
  • Curling in the demand zone, but yet to reclaim short term moving averages ---
  • 4H showing bearflag; if loses 5.59, likely to end up back down to the bottom of the base at 4.73 and set up potential head and shoulders pattern ---
  • IF it can break above 60 VMA around 6.50 has a shot at 9.5 +
  • Seasonality ++
  • Takeaway: Price is stuck in a tight range now, no tradable until breaks out to the upside.

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