KEEP TRADING SIMPLE - PK2 Bottoms identified (Potentially 3) - Rising Volume Throughout all 3 bottoms - Breakup to new support which held on previous lows. Breakdown held support.
A little tricky may have to keep on eye on it.
Have a great day!
Trade ideas
PK - travel and leisure bearishAgain the theme is less risk in current Macroeconomic environment. Travel numbers have been going down which doesn't bode well for travel and leisure. As always the ratio of our trades are paramont. This is a good spot to make some money on a trade that played out quite nicely in the past.
Park Hotels & Resorts - signs of reversal"Three Green Soldiers" for $PK
Might be a sign of reversal ... or who knows ...
Park Resorts and Hotels - delta downdraft continues?How can you tell when a stock makes a double or triple bottom? these chart patterns are hard to see sometimes.
... just a rhetorical question. I'm sure $PK can move either direction in the near-term.
... but hopefully higher in the distant future.
$PK - Park Hotels and ResortsThe recent earnings were fairly good, and I believe the current price reflects market fear regarding the "delta-variant".
I like $PK at current levels and will continue to accumulate shares (with a 1 month to year-end time frame).
I see it swinging between the S1 and R1 pivots points ($17.00 - $21.50) between now and Q1 2022.
The only thing I know for sure about the delta-variant, is that media has a bad news bias in reporting Covid, and the matter is over politicized.
$PK will be headline sensitive until there is more certainty.
Last thought, at approximately a $4B market cap, wouldn't this be a takeover candidate if the price gets much lower .... or take private candidate.
Park Hotels & Resorts - looks a bit oversoldNot a technology momentum play, but perhaps a good candidate for an oversold bounce.
See support $18.50 - 18.60
TP $21
Park Hotel & Resorts - Post pandemic travel demand improving
$PK looks attractive between 19.50 and 20.50, if your time frame is longer 6 weeks.
Also give $ABNB a look.
Park Hotels and Resorts - anticipating end of pandemicNext resistance on upside will be $20 to $21 range.
Not a high-momentum tech stock, but looks interesting all the same.
$PK Park Hotels Recovery Trade Setup
Potential entry above $19.00 at which
point the stock will have cleared channel resistance and the Fibonacci Golden pocket.
The next resistance to consider as Take Profit will be the major pivot point @ $21.65.
Good Luck and please give us a like or leave a comment.
$PK Bullish Trading RangeNo clear rejection indicated, support re-formed on resistance. Bullish trading zone entered.
$PKTicker: $PK Daily & Weekly Chart
- Rounded Bottom Pattern formed in the Daily Chart
- Ascending Triangle formed in the Weekly Chart
- Made a breakout from rectangle consolidation with gap-up
- Entry at higher high ($14.75)
- Potential target : $22 - $26.50
$PK Park Hotels Chart Analysis
Cluster of resistance
1) June Pivot
2) old rising trendline
3) Fibonacci 0.5 retracement
alert set for break above this level with $18.00
as a potential short term target
$PK Park Hotels Day Trade
Potential day trade setup, very much depends on positive stimulus news.
Local downtrend broken .
Target $11.50
$PK Park Hotels Upside Targets PK broke through the dead cat bounce .382 Fib level today,
setting up a run into a level of low price resistance.
Potential targets
$14.47 .5 fib level
$12.50 Confluence of Fibonacci levels.
Obviously the stock is very prone to COVID related news
Path to $11 by mid September.I think we're on the path to $11 (and beyond) within the next few weeks.
$PK Park Hotels Day Trade Potential upside targets in PK
$10.63 - Fibonacci 0.382 resistance and previous pivot point.
$11.00 Previous uptrend (yellow) may act as resistance.
