All,
Hertz needs to break a full candle above $1.09. I said this with AMC.. what are the odds people/companies/large investment banks let these companies go under that literally everyone knows? I say it won't happen and the backing of recent news suggests the same. You absolutely have to have a market stop loss under $.90 if you get in now. Worst case they get bought out (good thing)
Entry $1.06 or $1.09
MARKET stop loss $.90
2nd Option is to wait for a possible double bottom near .34.... but I doubt that will happen. This is all due to the virus, not the actual company don't forget that.
Hertz needs to break a full candle above $1.09. I said this with AMC.. what are the odds people/companies/large investment banks let these companies go under that literally everyone knows? I say it won't happen and the backing of recent news suggests the same. You absolutely have to have a market stop loss under $.90 if you get in now. Worst case they get bought out (good thing)
Entry $1.06 or $1.09
MARKET stop loss $.90
2nd Option is to wait for a possible double bottom near .34.... but I doubt that will happen. This is all due to the virus, not the actual company don't forget that.
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1m-5m ticker MASSIVE CONSOLIDATING GOING ON
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All if you wanted to just trade HERTZ ... I would suggest this strategy.
I can almost promise this company wont vanish off the market. Remember they have to keep $1 to stay on the index!
Strat:
40% buy in $1-1.07
SAVE the rest to double down if it breaks down or above. For example at .33 it would double bottom and skyrocket once it hit. or breaking above it 1.10. Volume and candle retest DAILY above 1.10 would signal a bigger move ahread.
This could just be stuck right here between $1 - $1.15 for a while.
I can almost promise this company wont vanish off the market. Remember they have to keep $1 to stay on the index!
Strat:
40% buy in $1-1.07
SAVE the rest to double down if it breaks down or above. For example at .33 it would double bottom and skyrocket once it hit. or breaking above it 1.10. Volume and candle retest DAILY above 1.10 would signal a bigger move ahread.
This could just be stuck right here between $1 - $1.15 for a while.
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HTZ just tested previous high
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