After a month-long rally, Marriott broadcasted a possible price drop . If confirmed, could prove to be a relatively reliable and stress-free short. Let's wait and see.
Marriott International american stock buy opportunities at new demand levels. Very strong monthly demand level took control at $104, the strength of that impulsive move is the strongest one for months on this american stock. Monthly is in an uptrend and there is a very strong monthly demand in control, no shorts are allowed. There is also a weekly demand level...
$MAR has been bull flagging for the past three months and has just broken out of its channel. It is riding above all key moving averages (8,21 EMA + 50,200 MA) and now pushing up against $139.50-$140 resistance level , after a strong hammer with volume off 134.40 support. A break above 140 will most likely send it to test $145 then all time highs. Implied...
Marriot International Daily Chart NASDAQ:MAR
Post-2008 uptrend seems to be in its final phase. A major bearish reversal might be expected once wave (5) is over.
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.