Panjang
HTZ - Funding Secured.
NOTES
HTZ has recently secured 1.65 Billion in funding, this has provided a potential solution to their current bankruptcy situation which has caused the stock to tank so low. This has sparked a whole new set of impulse waves (likely a first wave extension). Generally speaking a first wave extension means that the 5th impulse wave will stop around the 1.618 fib extension of the first wave - in this case likely the $4.00 range.
Likely Scenario: Timeline 1-2 Days
1 - HTZ breaks through in premarket-early morning on Monday breaking through 2.87 - proceeding to the $3.40 price range followed by a slight pullback in the cards to the 2.90 range.
2- HTZ continues from the 2.90 range all the way up to the 1.618 fib extension of $4.00 per share
Alternate Scenario: Timeline 1 Day
1 - HTZ fails to breakout above the 2.87 and continues consolidating lower into the day
Key Takeaways
One scenario is bullish, the other bearish. For this reason, I'd reccomend that if a breakout above the 2.87 occurs tomorrow, you use the $2.65 price point as a STOP LOSS
HTZ has recently secured 1.65 Billion in funding, this has provided a potential solution to their current bankruptcy situation which has caused the stock to tank so low. This has sparked a whole new set of impulse waves (likely a first wave extension). Generally speaking a first wave extension means that the 5th impulse wave will stop around the 1.618 fib extension of the first wave - in this case likely the $4.00 range.
Likely Scenario: Timeline 1-2 Days
1 - HTZ breaks through in premarket-early morning on Monday breaking through 2.87 - proceeding to the $3.40 price range followed by a slight pullback in the cards to the 2.90 range.
2- HTZ continues from the 2.90 range all the way up to the 1.618 fib extension of $4.00 per share
Alternate Scenario: Timeline 1 Day
1 - HTZ fails to breakout above the 2.87 and continues consolidating lower into the day
Key Takeaways
One scenario is bullish, the other bearish. For this reason, I'd reccomend that if a breakout above the 2.87 occurs tomorrow, you use the $2.65 price point as a STOP LOSS
Nota
SL hit - Don't have a read on current price action.Nota
Re-Entered in after hours - support at long-term anchored VWAP**2.27 per share**
Stoploss at 2.03
Nota
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.