AHT to $3.68Rocky 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.
AHT trade ideas
AHT
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 incredible strength and if shows any signs of consolidation here, might squeeze.
AHT - Bearflag or reversal?
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 tradable until breaks out to the upside.
.
Could this be the bottom ?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 dating back to 2018 (this was resolved in Feb 2022 with no actions taken) so do not get me wrong this is a company that is well and truly down in the dumps and the chart reflects such a case.
However from a technical perspective this is certainly worth a second look. Trading 99% down from ATH of $1000 and change whilst beginning to show strong signs of bullish divergence across an array of indicators.
Relative strength index in over sold territory with bull divergence.
MACD showing bullish divergence.
Awesome oscillator has printed a new high whilst price has made a new low but tapping into resistance.
Volume is also falling along with the price which is a good indicator that may signal a weak trend.
Will follow up with analysis of the 1D timeframe
Take care.
AHT seems ready to rallyAs 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 successfully tested 3 times.
volume indicator BULL signal.
Getting closer and closer to the 30 days moving average.
AHT is due for an upwards break, this is getting ridiculousAHT 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 is the bottom and we can reverse from here, but that will remain to be seen. There are major gaps to be filled and to be frank with you the largest gap I've seen in my life at $40, which should act as a magnet and resistant point longer term. I plan on being out well before then, but envision this going to $20+ within the next month or so.
Good luck, I am currently long at $13.89. This is definitely not financial advice so make your own choices when it comes to investing in this rather volatile stock.
AHT Harmonics: Let's Ride! 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 violently. The fractal retracement indicates an entry price from 2.04 - 2.01, while the harmonic retracement indicates an entry a 1.99. I always round up a penny on these since they can be very precise. I would scale this entry with graduated buy orders from 2.04 to 1.98. Good luck, trade safely, and let's make that money at the REAL reversal zones!
AHT: REOPENING PLAY WITH GOOD POTENTIALATH : 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 supporting the price.
-Fundamentals reasons: the economy is reopening, people just want to travel and are going back to hotels
Targets on the chart: 7.79/9.11/12.80/14.14
Stop loss just below the EMA 50 and blue zone.
Trade safe.
