The hotel stock has been range-bound since March 2024, with resistance at 900-950 and support above 700. The 50-week EMA on the weekly charts provided key support in October and November, helping the stock rebound after testing the EMA in November. This rebound led to a breakout from the range and the upper trendline of an Ascending Triangle pattern, a bullish continuation chart formation that suggests the potential for upward price movement.
