Marriott International american stock buy opportunities at new demand levels. Very strong monthly demand level took control at $104, the strength of that impulsive move is the strongest one for months on this american stock. Monthly is in an uptrend and there is a very strong monthly demand in control, no shorts are allowed.
There is also a weekly demand level...
$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...
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