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
-Jun 24 2020: Possible buyout according to Jefferies
Technical Analysis
-SPY pattern: Bear Flag
-Intraday pattern: Parabolic Fade
-Levels: 1.4, 1.85 - 1.9, 2.1, 2.5
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 1.85 - 2 level
Confluence: Whole $, VWAP
Strike Zone: 2 - 1.85
Sizing (lots): 3
Risk (stop / Rs): Hold below 1.85
Review / Lessons Learned
Took starter on first trade at 2.05 and it bounced before going lower so I took profits on starter, re-hit it when it test the actual level with full size, scaled out slowly. Trade of the day.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-24 10:34:34 | HTZ | buy | $2.050 | long |
| 2020-06-24 10:34:34 | HTZ | buy | $2.050 | long |
| 2020-06-24 10:34:34 | HTZ | buy | $2.050 | long |
| 2020-06-24 10:34:34 | HTZ | buy | $2.050 | long |
| 2020-06-24 10:34:34 | HTZ | buy | $2.050 | long |
| 2020-06-24 10:34:34 | HTZ | buy | $2.050 | long |
| 2020-06-24 10:36:13 | HTZ | sell | $2.150 | long |
| 2020-06-24 10:36:13 | HTZ | sell | $2.150 | long |
| 2020-06-24 10:36:24 | HTZ | sell | $2.170 | long |
| 2020-06-24 10:36:31 | HTZ | sell | $2.140 | long |
| 2020-06-24 10:36:56 | HTZ | sell | $2.180 | long |
| 2020-06-24 10:36:56 | HTZ | sell | $2.180 | 0 |
| 2020-06-24 10:46:14 | HTZ | buy | $1.870 | long |
| 2020-06-24 10:46:14 | HTZ | buy | $1.865 | long |
| 2020-06-24 10:46:14 | HTZ | buy | $1.865 | long |
| 2020-06-24 10:46:15 | HTZ | buy | $1.860 | long |
| 2020-06-24 10:47:00 | HTZ | buy | $1.820 | long |
| 2020-06-24 10:49:15 | HTZ | sell | $1.900 | long |
| 2020-06-24 10:49:15 | HTZ | sell | $1.905 | long |
| 2020-06-24 10:49:28 | HTZ | sell | $1.920 | long |
| 2020-06-24 10:49:28 | HTZ | sell | $1.920 | long |
| 2020-06-24 10:49:40 | HTZ | sell | $1.935 | long |
| 2020-06-24 10:49:40 | HTZ | sell | $1.932 | long |
| 2020-06-24 10:49:40 | HTZ | sell | $1.930 | long |
| 2020-06-24 10:50:00 | HTZ | sell | $1.980 | long |
| 2020-06-24 10:50:16 | HTZ | sell | $2.020 | long |
| 2020-06-24 10:50:24 | HTZ | sell | $2.050 | long |
| 2020-06-24 10:50:28 | HTZ | sell | $2.080 | long |
| 2020-06-24 10:50:40 | HTZ | sell | $2.080 | long |
| 2020-06-24 10:50:40 | HTZ | sell | $2.080 | 0 |
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