AuthenticTrader
Long

HTZ In Wave 3 on Hourly Chart

NYSE:HTZ   HERTZ GLOBAL HLDGS INC
Bullish Kicker on daily chart trading close to 52 week low on high volume with Connors RSI (2) overbought at 94. Also was some big buys and an insider buy. I got in at 25.92

ADX is >30, TSI             cross and above zero, and it closed above the 60sma.

Also a case can be made for the formation of an intermediate impulse wave - starting wave three which will mean a move close 27, which happens to coincide with the nearest short term resistance level.

If the count is correct, we will only have a retracement to 27.14 which is the end of wave 1, and Elliot says wave 4 cannot overlap into the territroy of wave 4.

I''m still ,long and will look to take profits around 27, setting a buy limit in the area of 26.30.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out