Compression leading a possible breakout
Updated
Upwards potential considering the riskiness of hertz decreases some unkown percentage now that it has slapped together a deal with credit suisse to handle their debt.
Slightly better probability now but still significant downside risk of bankruptcy.
The bet is will this company go under ... forever ... or will it emerge from bankruptcy lighter on the books and ready to buy Teslas?
Slightly better probability now but still significant downside risk of bankruptcy.
The bet is will this company go under ... forever ... or will it emerge from bankruptcy lighter on the books and ready to buy Teslas?
Note
Earnings in ~4 days will reveal a lot. Both downside and upside potential but considering they just wiped a bunch of debt... this could go up a bit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.