1. After the fall of March 2020, this stock started recovering slowly 2. Every up move showed a Flag and Pole Pattern breakout with good volume 3. Recently, there is a breakout of a similar pattern with good volume 4. Also, there are lots of deliveries near the 135-136 level over the past few days which can act as a support (Stop Loss level) 5. Volume on Breakout is also good on a Daily Chart.
Additionally, states are relaxing Covid restrictions and hotel bookings SHOULD rise. Keep in mind, there can be a fear of third wave. But these factors are already discounted in the chart.
Disclaimer: This is purely for educational and learning purposes. This is NOT a BUY/SELL recommendation. Please do your own research before investing/trading.
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