Marriott International Share Price Prediction {25/june/2024}Educational Analysis says Marriott International may move in this range for some time according to my technical.
Broker -
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because the 15-minute time frame has made Change of Character show signs of weakness of the bear run, maybe long for the premium level in the 4-hour time frame, plus 1 min time frame has turned bullish also has Change of Character look on
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
Hotels
TAJ GVK HOTELS - READY FOR BREAKOUT SUPPLY ZONE & 4 MONTHS BREAKOUT
Breakout point - 415
ENTRY - 415
SL - 370
TARGETS - 500
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UPDATE: City Lodge on track to R5.44City Lodge has been forming a Symmetrical Triangle since November 2022...
It constricted into the apex and as most chart patterns, it broke above showing strong demand and buying momentum.
Now with the holiday season and with more people going on vacations, we can expect the price to continue up.
The first target remains at R5.44.
Great to have in ones portfolio regarding diversification with hospitality.
Sun International ready to fly to R47.31Similar to the previous analysis with City Lodge I just did, Hospitality, Hotels and entertainment sectors are showing strong upside to come.
Whether it's because of the strong earnings, pause of interest rates, more foreign investments with the weakening dollar - Who knows.
But the charts, are showing upside to come.
We have the Cup and Handle formation, a small one, but solid nevertherless.
The price has broken above the brim level, but it's not convincing enough yet. We need one more stronger push to really get this going.
Other upside indicators show .
7>21>200
RSI>50
My first target will be at R47.31
UPDATE: City Lodge chose a direction and it's a skyscraper!The last update with City Lodge was the market was moving in a very large Symmetrical Triangle.
It was luck of the dice whether the makret was going to break up or down.
But there were certain signs showing an uptrend was more evident. The support level was making higher lows.
The price did not crash down when it went below 200MA>
And now with the 7>21 and with the Price above the 200MA, it's looking good.
We could easily see the price move from R4.77 to R5.44.
Windham Hotels & Resorts - 10:1 Long, Speculative News ResponseMy analysis of Windham Hotels & Resorts follows news of NYC's recent ban of AirBNB, a development which inspired me to discover which publicly traded hotel chain might be best positioned to benefit. Hopefully you will challenge my conclusion and/or my measurements with your tough questions, since this venue is meant to arouse the reverse-engineers and to provoke the thinkers to do what they do best, right?
As always, I strive to render these ideas of mine so obviously that their explanation will require no words, but this 10:1 Long trade on the WH chart is highly contextual. Not even a Market Maker can move the price of ABNB as reliably as the State of New York.
Although my trading strategy is built on innate Pattern Recognition and a hard-won sympathy for the Market Maker’s Business Model, my tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION.
Generally speaking, what a Speculator does that an Investor or a Trader does not is specifically to take advantage of price inefficiencies caused by government interference (or corruption). A good example would be accumulating toilet paper and/or N95 Masks in 2020 and selling the stock in bulk at high markup before the window of opportunity finally closed.
Only a Speculator does that!
The details of the chart(s) speak for themselves, however behind the scenes ChatGPT and I determined that MAR, HLT, IHG, AC and WH were the hotel chains with the greatest number of rooms in NYC that might benefit from the AirBNB news. I was surprised to see that both MAR and HLT are at or near All-Time-Highs, but just as quickly ruled them out as candidates for major growth for exactly that reason.
In short, without ChatGPT concluded that WH is the best candidate to benefit from what might become a growing trend, but is already law in NYC and will therefore have an effect on prices and practices. If this case interests you, then I invite you to compare the listed tickers and let me know if you agree about WH.
Keen observers will see many details in this idea, but how many noticed the ABNB correlation coefficient histograph? If my trade thesis is correct, the polarity should invert, and the tickers will move in opposite directions more often, and for longer.
I am preparing a video on prospecting for opportunities during the current Sector Rotation, and Windam Hotels & Resorts might become part of it. First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023.
Until then, be liquid !!!
MARA.N0000Buy Zone - 2 to 2.3
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
SHOT.N0000Wait for pullback to 10.3 to 10.5
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CHOT.N0000Wait for pullback to 16 - 17
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
City Lodge C&H potential but need to wait - Target R6.51Cup and Handle seems to be forming on City Lodge.
There are signs of a rounding cup, a handle that is in the process and now it needs to complete.
Once the price breaks above the brim level, it'll be more positive for upside.
7=21 = About to cross
Price>200 - Bullish
RSI>50 - Pointing down?
Target R6.51
WARNING is that the previous trend was sideways. We are not a fan of buying breakout when the market is going no where slowly.
HOWEVER, if you look farther back you'll see there is a MASSIVE W Formation that is also showing since May 2022.
So if we get a break above the neckline, this could be a fantastic medium to long term hold as well.
ABOUT THE COMPANY
City Lodge Hotels Limited is a South African company that operates a chain of budget hotels. I still think City Lodge is better than many international hotels "budget" chain. I mean, budget hotels in Switzerland are like motels in America (Just saying).
Founding: City Lodge was founded in 1985 by Hans Enderle.
Public Listing: City Lodge was listed on the Johannesburg Stock Exchange (JSE) in 1987.
Brand Portfolio: The company operates under various brands including City Lodge Hotel, Town Lodge, Road Lodge, and Courtyard Hotel.
Expansion: City Lodge started with just one hotel in Johannesburg, and as of 2021, the group has over 50 hotels in South Africa.
African Presence: Besides South Africa, the group also operates hotels in Botswana, Namibia, Kenya, and Tanzania.
Room Count: City Lodge Hotels group operates over 7,000 rooms across its various properties.
Royal Orchid Hotels Good Investment BetHere comes another gem in this sideways market.Shooting up with good volumes and, very strong on larger weekly time frame.Stock has given a breakout after good consolidation from Sep '2022 and currently trading in uncharted territory.Set up is too good to ignore and is having a good Risk to reward ratio.Stop weekly close below 300 and immediate Fib targets seems to be 395 & 445.
Bear Diamond Pattern break down on City Lodge to R3.71Bear Diamond Pattern broken down
Bearish Engulfing
Target R3.71
CONCERNS:
This is one of those stocks that move in large Sideways consolidation areas for a long period of time. If the price breaks out of the range, we can get some traction to the upside. But this is not a trading haven.