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.