MAR Breaking out of 7 Month Long Base Price above 200 DMA Volume picking up
NASDAQ:MAR $MAR all time high, 7 months base. Break out, pull back, and bounce. While 6 weeks green straight, so maybe take a rest some time.
MAR broke out of a descending channel around Sep 10, and started a bull run toward resistance at 145.98 where it rejected and began to flag. It broke out of the flag on Sep 22 and proceeded to smash through resistance at 145.98 and 150.65. Price appears to be moving at the same angle as the initial move and it looks as though it may retest the ATH by Tuesday 9/28....
Price has been channeling down for quite some time, oversold and lately buyer volume increasing. Expecting some break out from the current formation. Dont forget your SL & TP :D
MAR is currently double bottomed on 1.382 fib extension support. If the fib support holds and price bounce from here we can reasonably expect to see $149. Good case - $140 Best case - $149 Stop loss - below $127 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will...
Keep an eye on NASDAQ:MAR this week. It looks like it is getting ready to break out. A small inside day tomorrow would make for a perfect entry setup.
Crucial area for MAR. Slight bullish MACD divergence forming with bullish cross likely in next few days. Potential bear trap occurred on June 28th as price broke below support but has since regained that support level. Clear descending triangle pattern is coming to a head in the next few days as price moves up towards trendline resistance. Descending Triangle...
MAR breaking out from descending triangles making higher lows in the last 30 days long over 145-147
Good day, dear friends While crypto market is in non-understandable situation let's have a short look at the stock market. There are 4 financial instruments that have possibility to pump your wallets. Volatility of this market is low in comparison with crypto however this market is considered as a more traditional for investing and trading. We give you...
Get ready, folks🔥 One more trade is on the way to make you rich😎 There is a Flag formation on Marriott. There was a strong and confident bullish sentiment before. Then price entered into consolidation and multiple times bounced from support and resistance zones. Follow the chart and look for the breakout...
The PEAD projected a Neutral outlook for $MAR after a Negative Under reaction following its earnings release placing the stock in drift D If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
its been a while the tourism industry is suffering from travel restriction and border lockdown due to spread of Covid19 Virus. It seems there is still potential new regulation that may effect the airlines and tourism business before it really completely safe for everyone to travel. According to the previous forecast, the price was tumbled and endured on EMA 200...
Smaller cup and handle is fully broken out. Could form a larger one, but I think it is more likely to gap up through the channel as COVID reopenings continue.
Posted previously that I thought the hotels would cup and handle leading to longterm growth into March/April. The uptrend started on friday and all have started to active sequence their EMAs. I will work to create wave buy/sell points in the coming week to better understand price targets.
Three major hotels all about to test resistance after a nice cup formation. Would love to see a handle as a possible buy in but I think $MAR earnings could be a catalyst for these stocks to move up or down.
$MAR – Indicator Bears vs Technical Bulls Look at all these indicators… H/S, the start of an inverse C/H, break down through rising wedge, gap to be filled…and testing this idea of a volume shelf at 120 (90 and 180 day chart) which interestingly seems to be on course to converge at the 200 day EMA. Now look at the 1 week and 1 month technical oscillators and MA’s...