$HTZ - WATCHING FOR A BREAKOUT -
Added 2024-12-06 13:29:23 +0000 UTCMy morning scan has caught this this morning.
$HTZ has been beaten down a lot over the last 3 years but it has found support since August and has moved up to the 50 WMA at $5.31 and has tested this level
So far it is still a resistance level but a break above this level and there is a move back up to the very clear mean reversion level of the 200 WMA at $13.30 which is a +160% return.
I will keep an eye on this and watch for a breakout.
Comments
Hertz broke freeeee! Thanks cap. You’re on a roll like cottenelle!
SK
2024-12-09 15:36:49 +0000 UTCare you a buyer if the support holds?
Daniel
2024-12-06 13:58:50 +0000 UTCNo I wouldn't recommend this as a long term position
Gareth Neary
2024-12-06 13:55:32 +0000 UTCCaptain, it isn’t intended for long term, is it? I am afraid of the debt here… but you are more aware than I am so I believe fundamentals are good!
Federico Salerno
2024-12-06 13:38:32 +0000 UTC
