PK Approaching ResistanceI think we go lower here, but this stock to me, is still significantly undervalued.
PK trade ideas
$PK Park Hotels & Resorts Upside Targets
Potential long above the 50ma.
Fibonacci targets as per chart.
Confluence of resistance at $12.50 which would be a possible swing level.
Possible Support Bounce on PK?Looking for bounce here. I'd prolly stop loss at $8.00. Look for a return to $12.00 over the next few months.
$PK Park Hotels Potential Reversal Levels
Park found support on 3 Significant Fibonacci levels.
Major (white) .236 level.
Local (yellow) .5 level
Minor (blue) .618 Golden Pocket.
Next level to watch if the drop continues is $18.18.
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PK buy1. PK is in a strong support level
2. respected MA20.
3. Oversold RSI.
i bought a 1% risk position, and will add more (averaging) if it goes lower.
Next buy target is the strong weekly + vprofile level. This level is the point of control for volume profiling indicator.
Great risk/reward.
PK in a triangle patternPK is now in a triangle.
Bulls and bears are exhausted; watch the decreasing volume across the triangle body.
Im currently holding my 10.6$/share position and will sell if bears control the trend.
if bulls break the triangle then first exit target is 15, and second exit target is 17.
$PK Park Hotels & Resorts upside targets
Revised upside targets for PK -
$13.77 to the daily 100MA
$15.25 to the 0.5 Fibonacci level
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Long on PK! Breakout to the next Daily Moving AverageLong on PK! Breakout to the next Daily Moving Average.
COVID - 19 Vaccian developments with very promising news + The fed will support the industry with infinite money.
Dividend Yield post covid-19 will be about 15% Annually.
The price is stable with low volatility.
The company has enough cash to operate for 18 months, and they will issue a bond to raise more cash.
This is a sleeping money maker, unless you fear the Virus.
$PK Park Hotels & Resorts 25% upside
Possible long above $11.00
Upside target $14.00
Huge upside if travel and leisure economy can return to somewhat of a normal level
Park Hotels & Resorts, Inc. operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio. The company was founded by Conrad Hilton in 1919 and is headquartered in Tysons, VA.
$PK Park Hotels Trade setup
Potential long above $11.00
Upside target $ 12.50
Strong move back into open the economy stocks once again today
$PK ResistanceNothing is propping this stock up. Had a perfect rejection at the resistance test. I'm short at $9.72. Will stop loss at $10.20ish.
Reitierating my short thesis on $PK hotelsMulti- week wedge is forming a triple top of resistance. ST bearish wedge. The is a lot of chatter everywhere about "people are going to be staying at hotels for memorial day"...
Google search for memorial day weekend hotel prices come up and surprise.... I can still go get a hotel room for $70 a night in NYC/the beaches/ or basically anywhere for that matter.
UNHEARD OF.
RSI: 70
Buying volume fading.
Im not buying for one second that hotels are going to be back up and running and the ones that are not making enough to justify everyone getting hard on for a 3 night stay in a Hilton Spinoff.
Let this run up to $10.20 and then back down to $8.
Google search for hotels:
https://www.google.com/travel/hotels/park%20hotels?g2lb=2502548%2C4258168%2C4260007%2C4270442%2C4274032%2C4291318%2C4305595%2C4306835%2C4308226%2C4317915%2C4322823%2C4326765%2C4328159%2C4329288%2C4366684%2C4369397%2C4373848%2C4382325%2C4385383%2C4386665%2C4386795%2C4387290%2C4388508%2C4270859%2C4284970%2C4291517%2C4316256%2C4356899&hl=en&gl=us&un=1&q=park%20hotels&rp=ogELR2VybWFueSwgUEE4AUAASAI&ictx=1&utm_campaign=sharing&utm_medium=link&utm_source=htls_ctl&hrf=CgUIrwEQACIDVVNEKhYKBwjkDxAFGBcSBwjkDxAFGBkYAiABsAEAWAFoAYoBKAoSCeN70I_7IkRAEShsHcMal1LAEhIJzRPv22x_REARKGwdw_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&ap=KigKEgnje9CP-yJEQBEobB3DGpdSwBISCc0T79tsf0RAEShsHcP-Z1LAMAJa6gQKBQivARAAIgNVU0QqFgoHCOQPEAUYFxIHCOQPEAUYGRgCIAGwAQBYAWgBigEoChIJuy3WjiMDREARKGwdQ4StUsASEgnSOrb9tLtEQBEobB1DTE9SwJoBEhIQbmVhciBHZXJtYW55LCBQQaoBFgoCCCESAggIEgIIZxICCC8SAghUGAGqAQcKAwjwARgAqgEXCgIIEhIDCJsBEgIIaBICCGkSAghsGAGqAScKAggUEgIIcBICCB0SAggbEgMImAESAggwEgIIUhICCE4SAggXGAGqAQcKAwicARgAqgEHCgMIoQIYAKoBMwoCCBwSAggHEgIIURICCFgSAghzEgIIRxICCF8SAgg2EgIIJBICCE0SAwidAhICCCkYAaoBIwoCCCUSAgh1EgMIoAISAgh3EgIIeBICCHkSAgh6EgIIdhgBqgEGCgIIZBgAqgEnCgIIERICCCoSAwiaAhICCEASAgg4EgIIVxICCAISAgh_EgIIKxgBqgFdCgIILhIDCIABEgIIPBICCDsSAghWEgMImQESAwiAAhICCDoSAwiHARICCBoSAghIEgIIPRIDCIEBEgMIgwESAghLEgIIAxICCAwSAghTEgIIKBIDCIkBEgIIJxgBqgEMCgMIrgESAwizARgBqgEGCgIILBgAqgEMCgMIqQESAwirARgBqgELCgMI4QISAghjGAGqAQ4KAghQEgIIGRICCEwYAaoBBgoCCAQYAKoBDAoDCKMBEgMIpAEYAaoBLwoCCDUSAggeEgIIExICCCISAggLEgIIMRICCDISAghdEgMInAISAggQEgIIRBgBkgECIAE
$PK hotels - volume fading - bearing wedgeBearish wedge forming, combined with high RSI levels, fading volume could potentiality lead to $PK going red in the near term.
$PK touching support at $7.40. Will it hold?I like this stock, probably too much. Book value is around $11.40. I'm long on this stock, but will add more if it dips below.
pk ready for longQ1 report just came. not much surprise. in ascending triangle. also on HMA 143 support. all looks potential to start rising.
Long PK at $7.00Looking for a short term swing trade exit around $9, with a stop loss at $5.90. Missed entry at $5.70... I still think this is going higher.
Virus will not ruin hotel industry, don't be fooled! - Hot buyThe country will be TEMPORARILY cooped up and Covid-19 WILL PASS. Millions of Americans with cabin fever will want to GET AWAY, make no mistake.
As stated in earlier posts, of course the pandemic will inflict a cost, but these prices are ridiculously low--a total overreaction. Don't trash a stock like this because of a storm that will blow over.
Three words here: PENT UP DEMAND! Operate ahead of the herd, don't be a sheep!
Full disclosure - I am building a long position because I believe in the medium term this is a solid pick! Buy em and hold em forever!
