HTZ - Hertz Global Holdings

In this post I discussed the massive stop volume candle back in November 2016 that occurred with elevated volume (sell climax).

#1 = The volume that occurred there for that week was a sell climax and the most in the history of this chart. If it's a worthwhile investment, institutional "smart money" will use the panic to set up long positions without moving price up against their orders. Icahn is averaged at $23.83 -----> what does that tell you about "when" he most likely started buying? Getting the picture yet?

So I finally took it upon myself to look back at when Icahn bought his shares ....... sure enough in November. ...... just more further proof that the pro's use panic to fill their large buy orders without moving price against them.


https://finviz.com/quote.ashx?t=htz

 

I just have this feeling we blast through $25 it's all manipulation in this stock crazy.

 

It's consolidating and digesting gains. Completely normal after something has moved about 145% this year and 30% with each leg up.

 

The chart looks incredibly technical to me, cup and handle with a perfect 50 percent retracement. Followed with retests of previous handle resistance turned into support. Can't ask for a smoother break and ride than that, glassiest setup I"ve seen this year...

 

Almost there.

Hit a high of $26.89. The POC at 27.30 I detailed in previous charts is coming up quickly.

 

The share price is up 20.55% year to date. Chart still looks solid. On watch for clear above 26.89.

 

High of 27.27 today. Target basically acquired.

This was a simple mean reversion trade after price jumped back inside of last year's bell curve.

Thank you HTZ.

 

Thanks man ..... was basically a 50% move in a couple of months. Was enough to move my entire portfolio up 18.5% in 2017.

As I've pointed out in charts prior to this - there is a major stop volume candle playing out on the weekly chart in November 2016 representing a sh*t ton of seller absorption (which Icahn bought most of his 17% stake). When it hit last year's POC at $$27.30 there was only light supply as you can see by the volume in the chart. Normally that's an area where sellers can be very motivated to get short again ........ but they didn't here.

Something tells me longs are still staying strong and awaiting earnings. If you look closely you can see an inverse H&S pattern in there with a neck to head measurement around 14pts. If earnings are good on 11/7/2017 this chart will pop in similar fashion.

 

TF is this https://ca.finance.yahoo.com/news/hertz-awards-over-16-million-150103519.html

This is the third company I have read about in the past 2 weeks that has paid out execs a ton right before or right after filing CH11. How can they get away with this crap?

 

And people wonder why I get so damn angry, jaded and bitter.

"Hand me my golden parachute, pal!"

 

Not much to vote for when they enter CH11 and the execs jump ship.

 

On a related note, I wanted AVIS two, three weeks ago but hesitated.

 

Hi, where is it that the insider is buying 400k of shares .....i didnt see it