ShakeShakeLeg
Long

Just Tell Yourself That This is Company is Not Hotels Related...

NYSE:BHR   BRAEMAR HOTELS & RESORTS INC
Just Tell Yourself That This is Company is Not Hotels Related...

What I see...
+ Ultra high vol., post earning, to push prices to close above 10ma
+ ...after finding support from the 50ma a few days earlier
+ Bollinger Band is squeezing
+ RSI has just gone above 50 and rising
+ 10ma just crossed 50ma last week
+ Low prices stock!

- Long upper shadow on Friday
- MACD is in bearish territory
- IT'S A HOTEL STOCK!!
- 1st Resistance at high-$3

What I setup...
+ Long entry above last week's high
- Stop at under Friday's lwo
+ Target at high $4
:: Duration - 4 to 10 sessions

** Comments and Likes are appreciated; New Subscribers are hoteliers! **

Comments

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