legacyFXofficial

Meliá Hotels (MEL.mc) bearish scenario:

Short
BME:MEL   MELIA HOTELS INTERNATIONAL, S.A.
The technical figure Descending Triangle can be found in the daily chart in the Spanish company Meliá Hotels International, S.A. (MEL.mc). Meliá Hotels International, S.A. is a Spanish hotel chain. The company is one of Spain's largest domestic operators of holiday resorts and the 17th biggest hotel chain worldwide. Domestically in Spain the company is the market leader in both resort and urban hotels. Currently the hotel chain operates 374 hotels in 40 countries on 4 continents under the brands Meliá, Gran Meliá, ME by Meliá, Paradisus, Innside by Meliá, TRYP by Wyndham, Sol Hotels and Club Meliá. The Descending Triangle broke through the support line on 08/09/2022, if the price holds below this level, you can have a possible bearish price movement with a forecast for the next 42 days towards 4.586 EUR. Your stop-loss order, according to experts, should be placed at 6.560 EUR if you decide to enter this position.

A venture of Falcon’s Beyond and Spain’s Meliá Hotels is merging resorts and entertainment, hoping to lengthen guest stays and spending.

A major European hotel operator and an Orlando, Fla.-based entertainment company are starting two new brands that will add theme parks and other entertainment to resort properties, the latest effort to cash in on what the hospitality industry calls “resortainment.”

Meliá Hotels International SA, a Spanish lodging chain with 380 hotels across nearly four-dozen countries, and its joint-venture partner, Falcon’s Beyond Global LLC, will build attractions such as interactive theaters, virtual-reality games and minigolf at existing Meliá properties.

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