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Fan Yang

Marriott International (MAR) Has Upside to $149 with $130 Becoming Support

A couple of weeks ago, Marriott International $MAR was in a bullish breakout. This week, price is extending higher.

Marriott International (MAR) in a Key Bullish Breakout

MAR Daily Chart

(click to enlarge)

Upside and Support:
- With the market extending/confirming the bullish breakout, there will be upside to towards the 2018 high.
- This is also due to the fact that price was bullish entering 2018, so the current breakout could be a continuation of the prevailing bullish trend.
- Furthermore, we can start looking at the $130 area as support. This is a previous resistance pivot and common support pivot. 
- I think if price dips, MAR could be a buy-the-dip candidate around $130-$133, with upside to the $149 high from early 2018.; 

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