Hertz Global Holdings, IncSingkat
HTZ 10/24/2022
Telah dikemas kini
HTZ
Bout to catch a hurtin’
Daily chart analysis
These jokesters went from filing for bankruptcy to owning a fleet of Teslas cars and having commercials with Tom Brady.
Those covid bucks did everyone pretty good huh?!
But if you look around, every company little by little has been taking back all those “Covid gains” and the “investor” has been the one paying the price.
HTZ went public Oct.’20 and went sideways until Apr.’21
Price broke out of sideways range May’21. The sideways range was then deemed an Accumulation stage.
From there, it went into Uptrend that took price from 2.00 to topping out at around 46.00
The uptrend came to an end Nov.’21.
Since end of Uptrend, price has entered a sideways range seeing price make a series of Lower Highs into Support area at 16.35. We now have a Descending Triangle pattern.
These Lower highs display the strength of the seller pressure preventing price from making a higher high. Support area of 16.35 is getting weaker with every touch and with the seller pressure getting stronger, price should break thru support shortly.
You don’t find too many stocks that haven’t entered a downtrend or given up some of the “covid gains” by now.
In terms of trend trading, HTZ looks like a tree that has come to full fruition, but it has yet to be harvested.
I typically would not enter a trade this close to support level but closer to the resistance trendline created by lower high.
However, the support area at around 16.35 has been weaken and the seller pressure is getting stronger and Support should be broken soon. For this reason, I will be entering trade short now.
Entering trade short
Entry: 17.58
Stop loss: 23.00 (-30.83%)
Target: 7.50, +57.34%, 1.86 RR ratio
Bout to catch a hurtin’
Daily chart analysis
These jokesters went from filing for bankruptcy to owning a fleet of Teslas cars and having commercials with Tom Brady.
Those covid bucks did everyone pretty good huh?!
But if you look around, every company little by little has been taking back all those “Covid gains” and the “investor” has been the one paying the price.
HTZ went public Oct.’20 and went sideways until Apr.’21
Price broke out of sideways range May’21. The sideways range was then deemed an Accumulation stage.
From there, it went into Uptrend that took price from 2.00 to topping out at around 46.00
The uptrend came to an end Nov.’21.
Since end of Uptrend, price has entered a sideways range seeing price make a series of Lower Highs into Support area at 16.35. We now have a Descending Triangle pattern.
These Lower highs display the strength of the seller pressure preventing price from making a higher high. Support area of 16.35 is getting weaker with every touch and with the seller pressure getting stronger, price should break thru support shortly.
You don’t find too many stocks that haven’t entered a downtrend or given up some of the “covid gains” by now.
In terms of trend trading, HTZ looks like a tree that has come to full fruition, but it has yet to be harvested.
I typically would not enter a trade this close to support level but closer to the resistance trendline created by lower high.
However, the support area at around 16.35 has been weaken and the seller pressure is getting stronger and Support should be broken soon. For this reason, I will be entering trade short now.
Entering trade short
Entry: 17.58
Stop loss: 23.00 (-30.83%)
Target: 7.50, +57.34%, 1.86 RR ratio
Nota
bout time this started to moveNota
flexin'. Waiting on pullback to add to entryNota
gotta love itDagangan aktif
Trailing 10ema on weekly chart. Sharp drop continues.
Penafian
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