In today’s analysis is a company which, in theory, should have been hit the most by the global covid pandemic. That company is Hilton Worldwide Holdings. Even though, in theory, we should see some struggles here as the fourth wave is looming, we don’t see any bullish problems. Actually, if you take a look at Hilton’s chart, we have a very beautiful bullish situation here.

So, the first thing you can see on the chart is that the price is back above the major, long-term up trendline (red). That means that the breakout from the middle of July was a false one and can be considered as a buy signal alone.

The second thing is that the price defended the crucial horizontal support on the 115.5. That was actually the pre-pandemic top, so you can imagine how important that level was.

Last but not least is the flag pattern (blue), which is a trend continuation formation. Yesterday, the price broke its upper line, which is giving us a clear thumbs up here.

Bringing all that together leaves no doubt, it gives us a very strong buy signal. Personally, from a technical point of view, I don’t see any bearish factors here, but as always on the financial markets, you can’t be totally sure of anything.

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About Author

During his career, Tomasz has held over 400 webinars, live seminars, and lectures across the globe. He was also an academic lecturer at Poland's Kozminski University. In his previous work, Tomasz initiated live trading programs, where he traded on real accounts, showing his transactions, providing signals and special webinars for the accounts; none of which were ever negative. Tomasz gives preference to a technical approach to trading: mainly price action with very strict money management rules. He believes that the most important thing in trading is your mind, so it is much better to focus on trading psychology than to look for the Holy Grail of trading systems.

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