Finding Support in the Markets

StatsEdgeTrading

Watch the video here: https://youtube.com/shorts/wkf2i9VLg1s

The following is a brief analysis of the recent performance of HTZ stock. The focus is on a support line that has been significant in the stock's recent price movements. The stock has bounced off the support line multiple times, which is an indication of buyers coming together.

This morning, HTZ's earnings release was pushed under this support line, possibly ticking some people to sell and shorts to pile in. After that, we bounced hard, putting these shorts underwater.

Our game plan is to set a stop just a tad below today's low to keep risks tight. However, none of this is a call to action for readers to invest. This analysis is simply a page from our trading diary that we are sharing.