These thoughts are my own and provide comical relief in challenging times ;)
Next stop $22.41 and over the next few months sub $20.
Volatile news engagements for elections, health, and economic stimulus should provide to bring back some volatility for traders.
We're going for a "V" shaped recovery here folks.
Company sits on plenty of inventory, well staffed, and real estate. It's missing better tech and partnership deals.
The gap very well may fill but if we can consolidate above this may not be the gap fill and split we may be anticipating.
Will Hertz pull through during these interesting times? *Comments are welcome.
Thoughts and ideas are my own.
Entering consolidation phase. This pair long term seems to be appreciating overtime and is beneficial to hold overnight. *Discuss in comments* Swap remains positive.
We can break lower start of the week and see it as low as 6.30s.
I would like to see next week at least 20 pips on the long side.
Entering supply zone.
Food for thought; The lower we head the stronger the loonie stands against the dollar.
Oil currently holding /CL $38-39 range.
On the flipside we have a potential second wave of covid-19.
Would be beneficial to have the loonie rise to the 1.36-1.37 area before heading lower.