Riding on China recovery
Look at the orange line in this chart
It is currently leading and outperform the US indices. With more middle income group in China earning a higher disposable income, Huazhu Group is well positioned to take advantage of this growing travel trend.
Chart wise, it has a strong support at 25.48 and I expect the current price to head higher and breakout of the bearish trend (blue line).
What's the main risks we see going ahead ? Recession in China for which travel become a discretionary expense and if a 2nd wave of Coronavirus were to hit China again.
What I like about this company is it has a well diversified brand to offer to different customers globally.
It is currently leading and outperform the US indices. With more middle income group in China earning a higher disposable income, Huazhu Group is well positioned to take advantage of this growing travel trend.
Chart wise, it has a strong support at 25.48 and I expect the current price to head higher and breakout of the bearish trend (blue line).
What's the main risks we see going ahead ? Recession in China for which travel become a discretionary expense and if a 2nd wave of Coronavirus were to hit China again.
What I like about this company is it has a well diversified brand to offer to different customers globally.
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oh yes !!!!Note
Praise the LordNote
My oh myNote
Praise the Lord
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.