Marriot (MAR) - Range Play

Apr 20, 2020

Marriot has retested the upper bounds of the topside wedge. We should see a move to at least see a retest of the lower bound and wait for a breakout below.

Apr 21, 2020

Comment

Marriott (MAR) wedge short is still very much on the table -- we saw quite a rebound during trading hours after dipping nearly 3% and recovering the majority.

Completion to lower bound take profit (or hold on confirmed breakout) should occur by the end of the week. Any breakout above the wedge should trigger stop-loss.

May 13, 2020

Trade closed: stop reached