About a month ago, we saw a key bullish breakout in $MAR as price rallied above a year-long falling channel.Marriott International (MAR) in a Key Bullish BreakoutMAR Daily Chart(click to enlarge)Bullish Breakout and Pullback:- On the daily chart, we can see how price rallied above the correction channel from early 2018.- This breakout also pushed price above the cluster of 200-, 100-, and 50-day simple moving averages while pushing the RSI back above 70.- This was a significant bullish reversal signal.- Eventually price retreated from the $140 mark. - Now we are seeing price respected the previous channel resistance as support.- More importantly it is making a higher low and holding above the 200-day SMA. - I think as long as price can hold above $120, the bullish breakout would be live. - With price indeed holding above this pivot, there is medium-term (rest of 2019 to early 2010) upside back to the 2018 high around $148.