nice to got inspired by other mates here, I take a chance on this one with 1.6 Fib target... R2R 1
details on chart .... buy after breakout on lower time frame
Post-2008 uptrend seems to be in its final phase. A major bearish reversal might be expected once wave (5) is over.
...sure looks like a possibility here
There are three reasons for MAR shares to go up: 1. On Wednesday MAR reported earnings which have beaten the expectations 2. MAR is about to close the deal on acquisition of Starwood Hotels & Resorts Worldwide which will make Marriott the world's largest hotelier 3. Technical analysis is on the bullish side Mercurius A.M. Mercurius.a.m@gmail.com
Stock appears to be trading within a sideward channel between $70 - $63. Has reached the bottom of the channel, long opportunity.
and looking to challenge 2012 support with little volume till PoC at $38.
Potential Head and Shoulders Top. Breaking Uptrend_Line. 50 200 sma CrossOver. Attempting to break Neck_Line S/R. A sustained move below the neckline would confirm the pattern. Retest Possible. RSI bearish. Weak Vs S&P.
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...