The earnings came in 70% above expectation revenue was also above prediction by 25 million.
The chart is now in price discovery. I dont know if the pump stops soon and retest or keep running.......one to watch
Hyatt Hotels Corporation, ticker H, has bounced of it's support level sitting at just $106.6 and it's moving up.
I love buying stocks which bounce from it's previous supports, especially when this support is acting as it's previous high.
Things to consider with this trade idea:
1. My Stop Loss will be placed below the support line, around $103.45 level, this...
Triangles are often measured by the wide end of the triangle then projected down from the top or bottom line ro determine targets.
70.12
125.07
Day Range
116.08
117.82
EPS (FWD)
2.64
PE (FWD)
44.13
Div Rate (TTM)
$0.15
Yield (TTM)
0.13%
*************Short Interest
9.97%
Market Cap
$12.28B
Volume
403,290
NYSE:H another nice looking pullback buy setup within its base.
I love these kind of setups. They require experience to spot and rarely crowded as a result.
Looks similar to NYSE:FND I posted few minutes ago.
A broadening pattern can also be called a megaphone.
Double top and descending upper trendline that price has been unable to successfully penetrate..
No recommendation/Price is still above the .382 of the trend up.
Areas in grey are comparable and precede the downward movement
Price dips to a peak in the areas in red which correlate well with the RSI
The first grey recovery was strong
The second should repeat this strength
Green line is the major uptrend
Green bars pattern is expected price movement, as per the first recovery
potential inverse head and shoulders thats been in the process of playing out for 2 years
testing all time highs. could potentially be a huge move for the stock.
however the earnings report is looming and we have seen the devastation that could cause recently.
something to keep an eye on for sure for this hospitality stock.
happy trading everyone and im glad...
We have a clear descending channel breakout on the Daily chart.
With market weakness we did not have a continuation today however above 83.60 we could see a retest of $90s
Breaking out on high volume. SMA confluence acting as support. Might consolidate a little more due to the extremely high volume on the breakout but this should see higher prices over the next year or so if I had to guess.
