The Long Investor
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$HTZ
🕑 Added 2025-05-05 19:23:07 +0000 UTC$HTZ jumped mid april after it was revealed that Bill Ackman bought a significant stake in the struggling car rental company
Price jumped from $4 to $9.30 on this news and is now pulling back.
The impulse wave can still be saved but it must start holding support now.
The 0.5 Fib is the ideal level to hold at $6.31 and the price is just at this level now.
The lowest support level that must hold is $5.58 or there is an infringement upon the Top of Wave 1 and this will mean that the price can come back to $3 next and the whole move was a pump and dump on Bill buying.
If the range can hold then Wave 5 can go as high as the 200 WMA at $13.50
