$MAR with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MAR after a Positve over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
MAR trade ideas
MAR: interim correction?The stock is testing its 200-day simple moving average.
The MACD that is converging is a concern.
Below 166.10 supports a bearish trend direction.
Consolidation from 160.00 to 164.10.
Crossing below 160.00 might target 155.90.
Crossing above 164.10 will be the first sign of pending strength.
$MAR with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MAR after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 80%.
Marriott - Opportunity for 50% Short Trade?Given the poor performance of Marriott business in 2020 and 2021 associated with lockdowns and geopolitical risks that may worsen revenue flows is it time to short this stock?
Let's look at it in more detail.
Fundamental indicators:
Revenue and Profits - not consistent long-term earnings growth over the past 10 years, 2020 and 2021 have seen dramatic drop in revenue
Profit margin - average 7-9%, but there was profit loss in 2021
P/E - extremely high with 36x ratio
Liabilities - historically high debt to equity ratio which may hurt with increasing interest rates
Technical Analysis (Elliott Waves):
Following the sharp correction of March 2020 shares of Marriott have enjoyed considerable growth. However, this bull run is difficult to associate with an impulse like structure
Hence it is more likely to be wave X of a Running Correction
Since the peak in April 2022 we can observe an initial impulse developing to the downside which is likely to be wave A of a zigzag, or first wave of an impulse
Looking at the lower timeframe we can still expect waves 4 and 5 to complete this impulse before an upward correction
Given the next earning report is scheduled for August 2022 and the risks associated with business in Russia it may be possible that this report will be the trigger for sell off
What do you think about Marriott and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.
Thanks
Long scalp $MARBased on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent of profits IF $MAR exceeds today's high of $181.57 during tomorrow's session.
Hotel Stocks Could Be Breaking OutDespite last week’s sharp drop in the market, one group tried to break out: Hotel stocks like Marriott.
The main pattern on today’s chart is the high-volume rally and breakout April 13-20. The move followed comments by airlines like Delta Air Lines , American Airlines and United Airlines about strong post-pandemic demand for travel .
Second, notice how prices bounced a the 200-day simple moving average (SMA) in December and March. The stock then found buyers at the 100-day SMA in mid-April. Holding faster moving averages suggests that the trend is starting to accelerate.
Third, MAR remained near its highs and was mostly immune to the volatility in other corners of the market earlier this year. (See the relative strength in yellow.)
Traders may now watch the price zone between roughly $168 and $173 because it was a consolidation area in late March. The 50-day SMA could also become potential support.
Finally, it’s noteworthy that related companies like Hilton , Wyndham Hotels & Resorts and Host Hotels have similar patterns. That suggests investors are starting to build positions across the industry before the summer vacation season gets underway.
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Travel and lodging stocks looking great. Moving on higher volumeNASDAQ:MAR
$HLT and $ABNB also falls in similar pattern
Good basing pattern. Let's se if the breakout holds. Poised to move higher
Breakout in PivotDefensive Plan
Planning staggered stop if breakout does work right away
50% sell breakout day low
75% sell 20 D MA
100% sell 50 D MA
Aggressive Plan
The plan could change to be more aggressive if the setup improves after an orderly pullback or tightening to new highs
IBD RATINGS FOR MAR
ChecklistRating
Composite Rating98Pass
EPS Rating79Fail
RS Rating91Pass
Group RS RatingB+Pass
SMR RatingAPass
Acc/Dis RatingB-Pass
EPS % Chg (Last Qtr)983%
3 Year EPS Growth Rate0%
EPS Est % Chg (Current Yr)71%
Annual ROE114%
$MAR with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MAR after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
Earnings watch 2/15 pre-marketEarnings watch 2/15 pre-market:
MAR
QSR
HUN
ZTS
ARCH
TRTN
PTN
ECL
FIS
SABR
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
$MAR important BreakoutThis is the great breakout because this was following the trend line from long time
$MAR Setting up Potential BreakoutStarting to see some reopening plays popping up with bases.
$MAR is one that I will be watching early on this week. Nice base with a potential clear pivot.
Not a big fan of volume pattern but that's all we are getting right now.
$MAR | WEEKLY WATCHLIST 12/27$MAR 1W
Safe to say I nailed this one. I'm still long LEAP options since $148 and looking for my targets of $175 and $200 to be realized into 2022.
$MAR rejecting important levels for new ATH?ANALYSIS:
$MAR last trading session showed great rejection candle off last year high and previous month low.
After pulling back to Pivot Based EMAs, price closed just above slow PEMA.
The rejection is supported by low volume node from the composite volume profile over the last six months.
In addition, the rejection area remains highly important for $MAR since major tests occurred in Feb '18, Dec '19 and Mar '20 (ref. weekly TF)
EXECUTION:
Scaling into the position by executing an entry with 50% trade allocation at/near the last session's mid point (153.18), if price opens above it on Monday 22.11.
Add to the position by executing an entry at/ near the absorption zone (mid point of rejection day) on Day 2.
Finish scaling to defend your position should a failed new low of days 1 and 2 develop on Days 3 and/or 4.
In price closes below 153.18, exit the position.
TARGETS:
The new low of the month suggests a possible retest of month highs at 162.31 with further extensions up to 165.50.
MAR showing signs it's ready to go higher!* Great earnings
* Strong up trend
* Very high RS in the Consumer Services sector
* Earnings steadily increasing quarter over quarter
* Breaking out of a ~8 month consolidation with higher than average volume
* Recently broke a long term resistance of $152.78 that dates back to 2019 and retested it as support for ~5 weeks
Trade Idea:
* Now is the perfect time to get in as the price is really close to the broken level and it's also picking up on volume.
* If the earnings are good, this has a great chance of a break away gap.
$MAR [Marriott International] Has reached a significant level.NASDAQ:MAR Has reached a significant range meeting with the upper wedge of a channel that has been extended since 2018.
#AHMEDMESBAH
$MAR breakout, pull back, and bounceNASDAQ:MAR
$MAR all time high, 7 months base.
Break out, pull back, and bounce.
While 6 weeks green straight, so maybe take a rest some time.
Marriott International Bull Flag ContinuationMAR broke out of a descending channel around Sep 10, and started a bull run toward resistance at 145.98 where it rejected and began to flag. It broke out of the flag on Sep 22 and proceeded to smash through resistance at 145.98 and 150.65. Price appears to be moving at the same angle as the initial move and it looks as though it may retest the ATH by Tuesday 9/28. With the strong base built beneath the initial ATH test, we could see an extended run to new highs following a break above 160.00. Happy trading!
MAR: Potential break out from current channelPrice has been channeling down for quite some time, oversold and lately buyer volume increasing. Expecting some break out from the current formation. Dont forget your SL & TP :D
$MAR - double bottom play?MAR is currently double bottomed on 1.382 fib extension support.
If the fib support holds and price bounce from here we can reasonably expect to see $149.
Good case - $140
Best case - $149
Stop loss - below $127
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
MAR Setting UpKeep an eye on NASDAQ:MAR this week. It looks like it is getting ready to break out. A small inside day tomorrow would make for a perfect entry setup.
