Hertz Global- HTZ , decision time, time count, bull flag breakout inc?
From a purely technicals point of view, HTZ looks really bullish here. Check out all 3 attached pictures of the weekly candles.
If there's any technicians in here you understand that there is a time count for these patterns to play out. You know that a bullish flag breaks higher within a few weeks of the flag pole. This is week 4 of consolidation.
Now I don't have a crystal ball to tell you which way it will break(upside or downside), but I can tell you that it has to make a decision soon.
The only thing holding the stock back is the 8/9 moving average on the weekly. If it can break and hold above 2.40 it's going way higher.
⚠️So pay close attention to what happens at 2.40.
\-Upside targets are around 6, 10, 16!
\-Downside could be 1.50-1.80 (but i believe it would be bought up quickly).
Still has a 30-60% SI according to multiple sources.
Whatever happens, happens! We will know within a few days.
Again, i hold Leaps because i believe the company will turn around.
NFA!