The level of resistance turned into support level.
The weekly chart has formed a bearish engulf. I am looking to short the Marriott stock.
MAR expected to open at 83.80 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
MAR earnings are due after the close today so I will be waiting to see how this affects price. If the move up continues there may be an opportunity to buy. MAR was a great performer last year. After cleanly breaking the 2007 high ($52) in about February/March 2014 the up trend continued to be linear with multiple pullbacks and breakouts allowing us to add to our...
MAR was in a good uptrend for the whole of 2014. Currently it is moving sideways within 75-80 bracket. I have several positions in this trade and will add to it if we manage to close above 80. standing aside for now.
MAR was in a good uptrend for the whole of 2014. Currently this stock is moving sideways within 75-80 bracket. I will add to this trade if we manage to close above 80. Standing aside for now.
MAR has been a good trade for us this year but our stops were hit and the complete trade exited as price started to decline after the big up trend. Price has broken out of the channel indicating near term strength but the next resistance is at the 50 MA on the daily chart which is not too far away and could prevent price finding further strength. Earnings are...
All indicators are flashing "Buy" for MAR. We see a breakout and move to 60 from Friday's close. Its one of 10 weekly recommendations in our Model Aggressive Portfolio (MAP). www.thegoldspeculatorllc.com