Rocky Outcrop Flash target at $3.68 on the 4 hour TF which is also where the downward sloping supply line is (orange) and the 200 period SMA is. Its a good target.
The W pattern has been repeating on this chart for a long time now, you can scroll back and see several of them at all the recent swing lows.
This has played perfectly as per my projection. Moved 60% since my last post. It won't be a bad spot to take some profit for two key reasons.
First, 200 DMA test around 9.33, likely that there is some resistance there. Pullback would be constructive.
VMA on 3D chart around same level. Another reason why price might struggle until 10.30
Has shown...
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...
Ashford hospitality trust invest directly into the hospitality industry, mainly through hotels which of course have been annihilated since the pandemic, and there are arguments that business travel will never return to pre pandemic levels which Ashford hospitality rely on. At the start of 2020 the SEC launched an investigation into the business due to transactions...
As one of stocks that are significantly impacted by COVID, AHT price seems to be stable at current level (even if the market went down this month). Given that the last earning report looks good to me, I would open long as soon as this market correction ends.
Besides the general trend analysis, there are some technical supports:
resistance level 14.00 had been...
AHT has been beat up and rightfully so, it's management chose a reverse split and to dilute shares at a critical time as the price was gaining traction. However, at this point the reaction is completely and unsustainably overblown. This stock is now oversold on almost every major time frame, and technically looks ready to break this downtrend. I am hoping today...
announced a 1:10 reverse split. it is now at wave 4 of a diagonal sitting above a major pivot support. The enticing gap beckons above. This is a low risk/high reward play imho.
Here, we have a bullish bat pattern with a potential bearish bat pattern on it's back. The bearish pattern indicates a price move up to 16 dollars. I've also included the extension level for an alternate bat pattern here at 20 dollars. While I doubt price will head there, I included it in the case that a squeeze or news of some kind pushes price up more...
ATH : Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.
Why I'm buying at these levels:
-ATH has now corrected to its 0.168 Fibonacci retracements (blue zone on the chart).
-The Demark TD sequential is on a 8 daily, showing good chance of reversal.
-The 50 EMA is...
possibly front running this idea? Interested in thoughts but looks set to run after the final test to around $4.10 on support. AHT gets listed on Russell 3000 25th June. Could prove the catalyst for run to $8 / $9? Bullish long term on AHT.
