dchua1969

Riding on China recovery

Long
dchua1969 Updated   
NASDAQ:HTHT   H World Group Limited
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.
Comment: oh yes !!!!
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Comment: My oh my
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