Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Rumors of Chapter 11 bankruptcy talks
-April 29 2020: Hertz in talks with creditors to avoid debt default, faces May 4 deadline
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Runner, Big Pullback
-Levels: 3, 3.7, 4, 4.5, 5, 5.5, 6
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 3.4 level
Confluence: VWAP
Strike Zone: 3.4 - 3.35
Sizing (lots): 2
Risk (stop / Rs): Hold below 3.4
Review / Lessons Learned
OGT but only got my starter before it bounced...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-08 09:44:56 | HTZ | buy | $3.480 | long |
| 2020-06-08 09:45:20 | HTZ | sell | $3.580 | long |
| 2020-06-08 09:45:20 | HTZ | sell | $3.580 | long |
| 2020-06-08 09:45:39 | HTZ | sell | $3.550 | long |
| 2020-06-08 09:45:39 | HTZ | sell | $3.550 | 0 |
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