On August 13th, I opened a small position with NYSE:HTZ basing my decision on the following factors:
The price reached the 13.23 level, which was tested several times, and it served as a support.
The RSI indicator was reaching its oversold level of 35.14
Formation of the daily Doji candle. Such a candle at the end of the bearish trend was indicating about possible trend reversal.
ความคิดเห็น
On August 16th I added another long position with NYSE:HTZ because of the following factors: 1. The closing price was above the previous close price 2. Oversold level of the stock 3. Bullish divergence of the RSI oscillator
This might not be a reversal yet, but a possible accumulation.
ความคิดเห็น
'm watching how #HTZ will behave at the 12.99 level, which might serve as resistance from Fib trend extension. However, if we break it - the next level will be 13.79 (Fib 0.236) which almost match with 13.64 level (Fib trend extension). Ultimately, my long-term goal is 16.42 area