Could this be the bottom ?

2022年3月27日

Ashford hospitality trust invest directly into the hospitality industry, mainly through hotels which of course have been annihilated since the pandemic, and there are arguments that business travel will never return to pre pandemic levels which Ashford hospitality rely on. At the start of 2020 the SEC launched an investigation into the business due to transactions dating back to 2018 (this was resolved in Feb 2022 with no actions taken) so do not get me wrong this is a company that is well and truly down in the dumps and the chart reflects such a case.

However from a technical perspective this is certainly worth a second look. Trading 99% down from ATH of $1000 and change whilst beginning to show strong signs of bullish divergence across an array of indicators.
Relative strength index in over sold territory with bull divergence.
MACD showing bullish divergence.
Awesome oscillator has printed a new high whilst price has made a new low but tapping into resistance.
Volume is also falling along with the price which is a good indicator that may signal a weak trend.

Will follow up with analysis of the 1D timeframe

Take care.

2022年3月27日

註釋

Triangle pattern after a move south usually leads to continuation so this could be just a fake-out upwards before more down. Moving averages beginning to look nice with support on the 50. A break of the Feb high of 10.19 and a cut through the 100MA should see a swaff of new buyers.