HRI - Double Top Double Top Formations
Interesting structures with the descending megaphones
I expect downward movement as a result of the double top
HRI trade ideas
$HRI Bull Flag SetupSetting up a bull flag long trade setup after a 78% rally. Would like to see the stock spend few more days around the $100 level to build up a bit more energy before moving higher.
Herc Holdings Inc (HRI)- PROVIDES EQUIPMENT RENTAL AT 277 LOCATIONS PRINCIPALLY IN NORTH AMERICA.
Long HRI: Bounce Off Weekly Demand AreaReasons I bought
1. Currently bouncing off of a weekly support level which is also respected multiple times in the daily timeframe.
2. Zacks rank: 1 strong buy
3. Also bouncing off 50 sma
4. Solid risk reward ratio about 1:4 or more
HRI - Flat Double Zig-ZagFlat double zig-zag looking to launch this back into 50+ share territory. Look to go long at break of 50 using the Elliot structure as your guide you.
