Today’s instrument is Marriott Int Inc.‘s stock traded on the Nasdaq exchange under the ticker MAR. 

When we look at the MAR‘s chart, we can see a fall from the $180 level to the $172 range on the 4th of May and forming support, enabling the climb up towards the $180 once again, also reaching as high as $184. However, it didn’t manage to hold the high of $184, returning initially to the $178 and then further down to the $170. It was last found trading at the $172.58 range.

Today we can expect a move close and possibly below the $170 closest support level.

If however, it manages to hold on to the current level then a move towards the $178 level can be expected.

(Click on image to enlarge)