MAQ trade ideas
MAR IdeaABC Correction Idea for NASDAQ:MAR
The ABCE correction arrows indicate direction and do not consider time.
Staycation, anyone ?Some budget hotels like in SG are actually enjoying good business now despite the Covid-19. Why?
Read here
You can see due to Covid-19 (again and again), what one country's action can have a drastic action on another country. Travel ban are now common practice amongst many countries as they scrambled with great anxiety to contain the virus within. As number of new cases start to rocket and more deaths registered, fingers are pointing, people are angrier and unhappy, demanding more to be done to help alleviate the situation. Government worldwide are doing their best but the stubborn Covid-19 simply won't give in ..........
Marriott has a good run last Friday, enjoying a near 12% jump. I did say in other posts that pull back or dead cat bounce, whatever you call it is a good selling opportunity. Let's see if it turns true later when the market opens.
Marriott down because of CoronavirusMarriott has already taken a hit because of coronavirus, but it will only go down further. Coronavirus is affecting travel immensely, with travel restrictions and self-isolation periods. Marriott's profits will be much less than normal, and once they close the first hotel, the stock comes crashing down.
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MAR short term target is $170MAR is my one of the favorite stock, it broke the channel last month and there was a correction around $145. I think its time to raise for MAR to go around $170 in short term. This is just my idea. I'm new here and still learning.
NASDAQ:MAR
MAR RETRACEMENTSellers @ supply in an uptrend, made a confirmed swing high to conduct retracement to previous demand level
MAR - Forecast 2020 MAR - Forecast 2020 ? will potential reg. bearish divergence turn the bullish trend for short-term ?
MAR - I cant belive im saying this still has room upthese pattern is persistant in this market where things just keep pushing up and even stretch divergences for a while. But this looks like it wants to chase the channel to the top or fill this huge wedge. we will see. Cautiously long.
MAR testing the resistance zone...SHORT - MAR
SL: 136.16 (Suggested by our algorithmic system)
TP: 128.24 (Suggested by our algorithmic system)
Reasons behind this idea:
1. On weak resistance trendline.
2. Accumulated/Distribution indicator showing signs of weak accumulation to push price higher.
Caution: Technical Analysis is on the 1 hour chart, not as reliable as 4hr or daily chart.
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline
Blue Solid Line: Support Trendline (daily timeframe)
Red Solid Line: Resistance Trendline (daily timeframe)
Red Box: Soft Resistance Level
Red Arrows: Bearish Divergence
Purple Vertical Line: Suggested Stoploss by our algorithmic systems (under testing)
Green Vertical Line: Suggested Take Profit
Trade idea from our mobile app: ibb.co (Timestamp is in Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
$MAR Marriott Int Bullish Reversal Short term price target $140
Very bullish reversal after initial selloff post earnings.
Company profile
Marriott International, Inc. engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following business segments: North American Full-Service; North American Limited-Service; Asia Pacific; and Other International. The North American Full-Service segment includes luxury and premium brands located in the U.S. and Canada. The North American Limited-Service segment comprises select brands located in the U.S. and Canada. The Asia Pacific segment focuses in all brand tiers in Asia Pacific region. The company was founded by J. Wiliard Marriot and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.
Mariott International expected to fallNASDAQ:MAR expected to fall shortly as it reached both the top of the falling channel as well as Fib 0.618 level
Long-term shortTrend analysis:
monthly - up
weekly - down
daily - down
hourly - up
Can buy until price reaches the sell zone.
Price is arriving at a weekly resistance;
Wait for daily bearish reversal and it can be long-term short: 2 sell zones are possible.
Marriott International to Acquire Elegant Hotels Group Fueling GMAR: Marriott International, Inc.
2019-10-18 02:08:00
Marriott International to Acquire Elegant Hotels Group Fueling Growth of All-Inclusive Platform
Don't sell now just be ready for this!We are in the PRZ but wait for enough reversal alarms from candles.
MAR (MARRIOTT) WARNING SHOT.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.
*****BREAKING DOWN*****NASDAQ:MAR Sell short below yesterday's low.
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Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Marriott International american stock buy setups at demand levelMarriott 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 located around $100 right within that monthly demand that is also in control and playing out. In an uptrend we buy demand levels and that is what is going on right now on Marriott International american stock. We are looking to go long again if we get new demand zones created.
This supply and demand technical trading analysis and bias could help you make a more educated trading decision in your own trading strategy since you now know there is a very strong bullish bias with such a strong monthly demand imbalance in control and new demand zones being created in lower timeframes.
We do not take into consideration any fundamental analysis, no earnings announcements or volume, we do not need any of that to make a trading decision based on supply and demand imbalances. We just need to know where those imbalances are located and what is the bigger picture trend on the stock.
You can also use various options strategies to take longs at demand imbalances, long calls, spreads or any other strategy that you might have on your trading plan.
Does it really matter that Kaskela Law LLC announced a shareholder class action lawsuit against Marriott international, Inc. and encourages investors to contact the firm. Well, what can we say about it? We do not really care about that as long as the long term bias is bullish and there are strong demand zones in control like the one now on the monthly timeframe.
$VIA + $MAR analysis pt. 2Bounce for $MAR gap fill above.
Other points:
MTM: shifting green
ML/S zones: just flipped green on Thursday
MS/R: new higher resistance point and a new support line (lower)
Suggestion:
continue hold on long position and watch for a test of the 120.45 level
