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HaseebKhan_90
Nov 2, 2021 12:28 PM

MAR showing signs it's ready to go higher! Long

Marriott InternationalNASDAQ

Description

* Great earnings
* Strong up trend
* Very high RS in the Consumer Services sector
* Earnings steadily increasing quarter over quarter
* Breaking out of a ~8 month consolidation with higher than average volume
* Recently broke a long term resistance of $152.78 that dates back to 2019 and retested it as support for ~5 weeks

Trade Idea:
* Now is the perfect time to get in as the price is really close to the broken level and it's also picking up on volume.
* If the earnings are good, this has a great chance of a break away gap.
Comments
simplenothing
hope i'm not too late. nice call.
HaseebKhan_90
@simplenothing, Thanks. I do think it's a bit extended at the moment though... Be cautious and plan accordingly if you're thinking of getting in :)
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