Hertz appeared to be filling the gap it created after briefly enjoying life as a meme stonk, but no. Instead it printed a textbook cup and handle, the likes of which I haven't seen on a real stock as opposed to making something up for demonstrative purposes. Even the nice cup and handles you see in the wild don't have this uniform volume profile through the cup....
A couple of days ago, I highlighted an anomaly about bankrupt companies spiking up. Over the last two days, Hertz, being one of such, had a bearish harami, now a three inside down, candlestick pattern. This came after failing the 55EMA.
REALITY BITES... HARD.
Stay safe.
After the initial dip this morning Hertz seems to have bounced and held support in this channel, it is looking like we could see another move up here where if we break out of the Triangle we can expect continuation to the upside. If this trade is set up is stopped out or we see a lower high made on this time frame we can expect another move to the downside. Make...
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...
Looks like hertz broke falling wedge to the upside and is currently flipping the resistance to support. Still has massive bullish divergence on weekly. We could get a nice little rally from here. Needs to hold 2.90.
NYSE:HTZ
Lot's of bullish signs/patterns played out and are playing out.
If the bottom is in, then we would have formed a double bottom = bullish.
Today's price action resemble a SFP (swing failure pattern) = bullish.
Many bullish divergences on multiple time frames (1hr, 4hr, 1day, weekly) = bullish.
Inverse head and shoulders pattern looks to be completing...
