And so reality catches up...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.
Hertz
Hertz 4 Hour Long Set UpAfter 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 sure to use proper risk management and only risk 2% of your portfolio.
When the shoeshine boy makes money off the market... It was just less than 20 days ago, that Hertz filed for bankruptcy protection . It’s a centurion company, mind you.
And over the last couple of days, Hertz’s stock bounced so hard , you know it’s as if the boy who shined your shoes no longer does it cos he made money off the markets and quit his job.
Wait... does that sound familiar???
Caveat Emptor !
Check out the chart here... it’s amazing.
Hertz (HTZ) - Could move big time 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 bought out (good thing)
Entry $1.06 or $1.09
MARKET stop loss $.90
2nd Option is to wait for a possible double bottom near .34.... but I doubt that will happen. This is all due to the virus, not the actual company don't forget that.
Hertz - Fundamental Analysis - HOLDThe Below news can be seen as a negative news for the stock.
Billionaire investor Carl Icahn sold his entire 55.3 million shares on Tuesday for 72 cents a share, according to a regulatory filing. His holding represented about 39% of the company’s stock.
Technical analysis: Market is Bearish
Hertz broken resistanceLooks 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.
Hertz - Stand Aside - Hertz avoids bankruptcy with last-minute deal (Until the 22nd of May)
On Tuesday, Hertz said it had reached agreement with most of its lenders to give it more time, through May 22, before the company is required to liquidate vehicles serving as collateral. The company said it can’t make any assurances that it will be able to negotiate any further forbearance or waivers extending relief past May 22.
$HTZ technical analysis "HTZ"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 right shoulder on multiple time frames = bullish.
Recent volume price is declining = bullish.
In the chart I have sell zone boxes in red where I am looking to sell parts of my position.
They also correspond with the red diagonal resistance lines I drew and several EMA's (exponential moving averages: 100, 200, 250, 300)
The green trend lines show support areas.
We don't want price to fall below those areas.
Good luck to all and God bless!
Avis vs Hertz - Stand Aside (Hold)Both Options A and B are possible (one it is based on the Technical analysis - Channel line and one on the gap between the two similar market - the gap sooner or later should be closed)
Hertz is still on the edge of bankruptcy, we need to wait to understand the future of Hertz
AVIS seems that will be able to pass through the crisis:
That $750 million borrowed on top of the $1.6 billion in cash Avis had leading into the crisis, giving it leeway to survive the year even at a projected burn rate of $200 million a month.
Hertz in Trouble - Wonder What Billionaire Ichan is Going to Do- Chief Executive Officer Kathryn Marinello noted they have missed their last debt payments and working to avoid bankruptcy at the moment.
- Technically we in a serious downtrend and price is consolidating in this descending triangle - all eyes on the upcoming results. This formation needs to sort it self out ....
- Let's hope creditors don't liquidate the fleet and smash this business. Interesting to see Avis do comparatively better.
Hertz - Stand Aside - It is a small step away from bankruptcyNYSE:HTZ
Stand Aside - DO NOT INVEST IN HERTZ NOW
Hertz has 17 Billion debt (hertz has skipped April payment to the landers) and it has laid off 10,000 employees
SIDEWAYS TREND - Low Volume, Low Volatility
Just wait the next Week to see the future of Hertz -Deadline by the banks/lenders set on May 4th
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Alex Vieira GENIUS Making Millions in the Markets Laughing HardIndeed! ALEX VIEIRA GENIUS LAUGHING HARD BEST CRASH SINCE 1929
Alex Vieira AVIS and Hertz to Crash Urges Massive Short Sellingthe video selling short AVIS at $52 LIVE is available on the web
hertz, bottomed out or about to break down?Looks like it wants to bounce up to The blue line, however long term trend is down so keep an eye on the bigger picture. Oscillators starting to turn up
Hertz Testing Final Resistance Level, Can Price Hold?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.
DOUBLE ON HERTZI did some road trips this year and I rented a car (not a Lamborghini but the cheapest one). Just arrived at the rental I asked me what happens with the shares of Europcar, Hertz etc. .
My heart began to beat strong seeing this fractal.
From July to october 2017 hertz did a nice jump. After that begann to swing in this channel.
When you sink like a stone in the water and after a jump you float between a channel like the leave of forrest gump it means probably one thing… someone is cumulating.
Actually we are again in demand zone and this demand zone is getting stronger. After this falling wedge we could find the strenght to touch the resistance of the channel and break it . TP are the two red line.
BIO
HRI - Flat Double Zig-ZagFlat double zig-zag looking to launch this back into 50+ share territory. Look to go long at break of 50 using the Elliot structure as your guide you.
