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u/Gamma_Gains
1 day ago
Discussion
HTZ doubled from 1.45 to 2.96 in two weeks and now it's sitting right on support. What's next?
Chart on the 4H shows a clean move: base at 1.45, ripped to 2.96, now pulling back and hovering around 2.145 which looks like the key level to watch.
Volume was heavy on the way up, multiple B signals triggered through the move. Now volume is drying up on the pullback which is either consolidation before another leg or distribution before it rolls over.
HTZ is a tricky one given the bankruptcy history and low price. These kinds of moves can reverse just as fast as they came.
Holding the 2.145 line or fading back toward 1.60?