Would the Buffett peeps by this here. I don't think so. Sell. I do like their management, but this may be out of their control. Darn covid scare.
NASDAQ:MAR From $755 to $835. Making money. Fingers crossed.
NASDAQ:MAR Just bought Put on Marriott (July 17) $80 for $755. I'll keep Ya'll up-to-date. If I am wrong, this is going to hurt.
NASDAQ:MAR expected to fall shortly as it reached both the top of the falling channel as well as Fib 0.618 level
It's starting phase 4, don't buy. The price is below 30MM, and yet, we can't see strong support. The slope of 30MM is negative.
$MAR has been bull flagging for the past three months and has just broken out of its channel. It is riding above all key moving averages (8,21 EMA + 50,200 MA) and now pushing up against $139.50-$140 resistance level , after a strong hammer with volume off 134.40 support. A break above 140 will most likely send it to test $145 then all time highs. Implied...
Marriot International Daily Chart NASDAQ:MAR
There are three reasons for MAR shares to go up: 1. On Wednesday MAR reported earnings which have beaten the expectations 2. MAR is about to close the deal on acquisition of Starwood Hotels & Resorts Worldwide which will make Marriott the world's largest hotelier 3. Technical analysis is on the bullish side Mercurius A.M. Mercurius.a.m@gmail.com
Stock appears to be trading within a sideward channel between $70 - $63. Has reached the bottom of the channel, long opportunity.
and looking to challenge 2012 support with little volume till PoC at $38.
ARCP expected to open at 10.37 for a Retest Gap. Might make a good swing trade too. To learn to trade this strategy for free go to www.RealLifeTrading.com