Next 3 days will show a movement
Expecting a move Monday, have skewed option spread to bullish bias. Higher low, hammerhead doji, and strong bounce off cloud.
key fib levels to watch as well as heartline bullish support/resistance
First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I am realistically expecting Marriott Hotels to have some higher support levels the next few days, and hit that $100 price mark real soon. Personally, if I were to get this stock, I would sell at $100, and reinvest at higher...
Yesterday it was announced the opening of Chinese hotels of the chain, their confirmed occupancy is about 40%. Paper 18.05 on good volumes passed day EMA50 and hour EMA200. Yesterday, it pushed upwards from them. The closest resistance level is 100, the next 110 and 117.5. That's where you can put the TP points. Stop-loss is below 88.1.
As we know, hotel and airlines industry were the one hit hard by Corona virus. travel is banned for termporary and airport was closed and affected hotel and cruiseline industry. last time was forecasted there was hidden bearish divergence on the short term corrective structure and currently will do corrective structure on the upside movement. Need at least a year...
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.
If this trend continues into tomorrow and breaks the $96 wall. I think it has a chance of seeing $110 within 2 weeks.
NASDAQ:MAR From $755 to $835. Making money. Fingers crossed.
NASDAQ:MAR The idea might be to: Go short for a short term investment until the green trend line; Long Term - Go long, but wait for the right signal to buy. Fundamental Information Regional destinations that guests can get to by car will be the first to rebound, Marriott CFO Leeny Oberg said Monday after the hotel operator reported dismal earnings . “As some...
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.
- An earnings surprise of -69.05% causes Marriott to drop due to impacts of Coronavirus on its business. - A short position could be initiated with a reasonably tight stop above Pivot C - target the prior lows or Median Line of the down-sloping pitchfork.
Marriot has retested the upper bounds of the topside wedge. We should see a move to at least see a retest of the lower bound and wait for a breakout below.