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 5 level
Confluence: Whole $
Strike Zone: 5 - 4.8
Sizing (lots): 2
Risk (stop / Rs): Hold below 5
Review / Lessons Learned
Was waiting for 5 to be tested or broken, only got a starter before 5, scaled out on pop.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-08 13:52:08 | HTZ | buy | $5.120 | long |
| 2020-06-08 13:52:43 | HTZ | sell | $5.430 | long |
| 2020-06-08 13:52:43 | HTZ | sell | $5.430 | long |
| 2020-06-08 13:53:04 | HTZ | sell | $5.440 | long |
| 2020-06-08 13:53:04 | HTZ | sell | $5.440 | 0 |
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