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AHT - Bearflag or reversal?
Ashford Hospitality Trust Inc
Long
AHT - Bearflag or reversal?
By CheelooTrader
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Jul 1, 2022
3
Cheer
Cheer
Jul 1, 2022
Curling in the demand zone, but yet to reclaim short term moving averages ---
4H showing bearflag; if loses 5.59, likely to end up back down to the bottom of the base at 4.73 and set up potential head and shoulders pattern ---
IF it can break above 60 VMA around 6.50 has a shot at 9.5 +
Seasonality ++
Takeaway: Price is stuck in a tight range now, no tradable until breaks out to the upside.
.
AHT
Chart Patterns
Trend Analysis
CheelooTrader
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