Park found support on 3 Significant Fibonacci levels.
Major (white) .236 level.
Local (yellow) .5 level
Minor (blue) .618 Golden Pocket.
Next level to watch if the drop continues is $18.18.
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1. PK is in a strong support level
2. respected MA20.
3. Oversold RSI.
i bought a 1% risk position, and will add more (averaging) if it goes lower.
Next buy target is the strong weekly + vprofile level. This level is the point of control for volume profiling indicator.
PK is now in a triangle.
Bulls and bears are exhausted; watch the decreasing volume across the triangle body.
Im currently holding my 10.6$/share position and will sell if bears control the trend.
if bulls break the triangle then first exit target is 15, and second exit target is 17.
Possible long above $11.00
Upside target $14.00
Huge upside if travel and leisure economy can return to somewhat of a normal level
Park Hotels & Resorts, Inc. operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts...
Multi- week wedge is forming a triple top of resistance. ST bearish wedge. The is a lot of chatter everywhere about "people are going to be staying at hotels for memorial day"...
Google search for memorial day weekend hotel prices come up and surprise.... I can still go get a hotel room for $70 a night in NYC/the beaches/ or basically anywhere for that matter....
Long on PK! Breakout to the next Daily Moving Average.
COVID - 19 Vaccian developments with very promising news + The fed will support the industry with infinite money.
Dividend Yield post covid-19 will be about 15% Annually.
The price is stable with low volatility.
The company has enough cash to operate for 18 months, and they will issue a bond to raise more...