0J5I trade ideas
HLT- Direction is clear: Long
FUNDAMENTAL ANALYSIS:
With business starting up again and only doing 50% occupancy i believe this is ready to blow Hilton is such a giant that it could not possibly explode, plus i work there.
TECHNICAL ANALYSIS:
We have to cross the rectangular box and we can continue to pump, that is where it needs to regain support and once over its previous high of $93.78 it will have a good run up, and could potentially see the likes of $100+
Thats all folks!!!
SO BASICALLY:
TLDR; Hilton has done more than 50% occupancy so stock will surge
HAPPY TRADES
HILTON WORLDWIDE HOLDINGS Perspective DailyHello traders, HILTON WORLDWIDE HOLDINGS is in a bearish movement with low sell volume on the TIME FRAME 5 Min. We see the candle heading for the next low to turn around with a high potential to catch up on the losses and reach the next high.
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Hilton World WideGiving the current pandemic, from a fundamental aspect, i'm not expecting them to be as profitable as they normal are.
I think i see a bearish flag pattern. Price retraced on the weekly timeframe the 61.8 fib level and made a lower high, along with a bearish engulfing candle on the daily. I'm expecting a big push to the downside soon.
$HLT in a higher degree correction completing Wave A of BDisclaimer: I have been trading in the markets for about a year. After several months of charting various instruments, my eyes have gotten trained to recognize different candle formation patterns like Bear & Bull Flags, Head & Shoulders, and others. This was good. But, not enough for me to accurately forecast the next following moves and market structure after these patterns had been completed.
For me my next evolution as a Trader came with a more fine-tuned approach to Market Structure, The Elliott Wave Theory. There are two books that were recommended to me as I started this journey.
1. Elliott Wave Principle: Key to Market Behavior by Robert Prechter and A. J. Frost, www.elliottwave.com
2. Visual Guide to Elliott Wave Trading by Wayne Gorman and Jeffrey Kennedy, www.elliottwave.com
I am still learning. I accept the fact that my analysis may be wrong. But, these are my charts as I continue my journey. I am open to all feedback on my analysis as I continue to improve.
$HLT Hilton Worldwide Upside Targets Hilton Worldwide Holdings, Inc. engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management & Franchise segment manages hotels and timeshare properties, and license its brands to franchisees. The company was founded by Conrad Hilton on March 18, 2010 and is headquartered in McLean, VA.
Swing puts - July 19 strike 60 - RSI turning down below 50stock broke out of consolidation wedge
after one close over 50 SMA, stock has stayed below this moving average
RSI went below 50, retested and is turning lower
stochastic is below RSI
Last two week candles on weekly chart show quite bearish signs
Hilton Price Target @ 33HLT long Term Support, Fibonacci Support, Trend Support @ 33. This stock might touch the price. HLT is the most affected stock for Corona Virus. Debt to EBITDA is 4.8X . NAV -1.73. And interesting thing is price have not corrected so much yet. Ackman says he is buying this stock and I don't believe Ackman! But I am a great follower of Ackman !