Hertz surged to the final resistance level last week after Q3 report was announced. Now price has been consolidating in a narrow range ever since. This indicates that a sharp move could be coming soon. In addition, the current market correction isn't over yet. This means that a turn back to the bears could initiate a reversal.
Trade Step-ups:
Bearish Reversal: Price rejects a break from final resistance level. Profit levels to look for are 15.00 & 13.00.
Bullish Breakout: Price breaks final resistance, look for consolidation above 22.00.
Trade Step-ups:
Bearish Reversal: Price rejects a break from final resistance level. Profit levels to look for are 15.00 & 13.00.
Bullish Breakout: Price breaks final resistance, look for consolidation above 22.00.