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GoranTrader
Mar 22, 2019 3:20 AM

Long HRI: Bounce Off Weekly Demand Area Long

NYSE:HRI1D
Herc Holdings Inc.NYSE

Description

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Reasons I bought
1. Currently bouncing off of a weekly support level which is also respected multiple times in the daily timeframe.
2. Zacks rank: 1 strong buy
3. Also bouncing off 50 sma
4. Solid risk reward ratio about 1:4 or more
Trend AnalysisChart Patternsbuyswingtradingbounceupplanyourtradetradeyourplan
Comments
edwardalonzo65
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June*
edwardalonzo65
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Do you recommend a short buy for July 19 with a strike of 30.00 dollars ?
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