H trade ideas
Possible buy situation on H stockHyatt Hotels Corporation, ticker H, has bounced of it's support level sitting at just $106.6 and it's moving up.
I love buying stocks which bounce from it's previous supports, especially when this support is acting as it's previous high.
Things to consider with this trade idea:
1. My Stop Loss will be placed below the support line, around $103.45 level, this level seems to be the best one in my opinion. Why? It will be around 200MA line, so if the price drops heavily to that level, we will most likely see a break of the moving average line.
2. Price level sitting at $117.85 is the first level I will be watching, I will either be adding to position or preparing myself to exit, depending on the price action.
3. Next price level, the ATH price, sitting at just $124.88, if the stock reaches this price range and show signs of good and healthy uptrend, I will surely be adding to my position.
This is just my piece of thought, please do your own due diligence.
Symmetrical TriangleTriangles are often measured by the wide end of the triangle then projected down from the top or bottom line ro determine targets.
70.12
125.07
Day Range
116.08
117.82
EPS (FWD)
2.64
PE (FWD)
44.13
Div Rate (TTM)
$0.15
Yield (TTM)
0.13%
*************Short Interest
9.97%
Market Cap
$12.28B
Volume
403,290
H - Common Recovery PatternAreas in grey are comparable and precede the downward movement
Price dips to a peak in the areas in red which correlate well with the RSI
The first grey recovery was strong
The second should repeat this strength
Green line is the major uptrend
Green bars pattern is expected price movement, as per the first recovery
140 PT ON HYATT HOTELS ?potential inverse head and shoulders thats been in the process of playing out for 2 years
testing all time highs. could potentially be a huge move for the stock.
however the earnings report is looming and we have seen the devastation that could cause recently.
something to keep an eye on for sure for this hospitality stock.
happy trading everyone and im glad to be back.
Inverse Head and Shoulders Price tried to break neckline today on large volume. The top wick made it through but the candle body is barely above the neckline. A break of the neckline with a close above the neckline and an uptrend confirms this pattern.
Possible stop under right shoulder (RS) as the daily low was rejected not far above the RS today and buyers came in.
no recommendation
H Turnaround StockAn entry based off technicals. Upcomming earnings could play a factor on 2 Aug, however Zacks rating is predincting a 15% increase. Entering based on most turnarounds so far have exceeded earnings estimate.
Look to exit before Earnings if 2R target achieved. Target of 95 should earnings be positive