Ignition sequence for HTZ
. Whether the trajectory is up or down is the question on the traders mind. Everyone knows that hertz is and has been an abysmal company with improper management since mid 2014. Not only has the stock been unfruitful, but the stock is going to announce their earning report today. At the moment, the stock is in a slow agonizing downtrend. Carl Achan was a crucial billionaire investor and held major stake in the company. He recently sold off his portion as he knows that there is little hope for this dying company, which will only compound Hertz's morning Monday loss. I have created a simple support and resistance
on the 15 min candle. I would advise shorting the stock once it crosses the support. If it does, a surge of sell orders should be pouring in, and possibly we can sap up some nice earnings
before we have to see another hertz driving around. Happy trading!!!
Thank you for your time.