Changing the Lens – a look at Marriott International

As part of the Changing the Lens series of Blog posts I wanted to show a few charts on $MAR with a different perspective on each. Let’s get right to a basic Daily chart:

MAR

As you can see above, $MAR has avoided the 50 Simple Moving Average below since early October and is currently Flagging/coiling in preparation for a potential new breakout. RSI continues to bump along the ceiling of 70.

Now let’s add a Rising Trend-line:

MAR_Rising_TL

Looks like it is comfortably above the trend-line while price consolidates the recent up move. Now for a different look altogether. Let’s remove the trend-line and add Horizontal Support¬†and Resistance lines:

MAR_breakout

The view above shows how price found resistance and has been hovering just below as it preps for a new breakout.

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