HTZ HIGH RISK SQUEEZE IDEA Hertz Global Holdings IncBATS:HTZErictaylorHTZ is attempting to transition out of a multi-month downtrend channel, with price now sitting in a key retracement and decision zone. βΈ» π§ Thesis Price made a strong impulse move from the lows (~$4 β ~$8.40), then pulled back into the fib retracement zone while interacting with prior structure. This is now a classic: Breakout attempt β pullback into support β waiting for confirmation βΈ» π― Key Levels (Your Structure + Fibs) π© Support Zone (must hold) * $6.01 (0.5 fib) β Primary pivot * $5.21 (0.382 fib) β Secondary support * $4.21 (0.236 fib) β Last line before deeper weakness π Holding above $6.00 area keeps bullish structure intact βΈ» π Resistance / Reclaim Levels * $6.81 (0.618 fib) β First reclaim level * $7.38 β $7.94 (0.702β0.786 zone) β Major resistance band * $8.40 β Recent high / breakout confirmation βΈ» π Upside Plan If price: * Holds above $6.00 * Reclaims $6.81 π Then upside opens to: * $7.38 β $7.94 zone * Break and hold above β retest of $8.40 high βΈ» π Extended Targets (if momentum builds) * $13.58 (1.618 fib extension) * $20.35 (2.618 fib extension) β οΈ These are momentum/squeeze scenarios, not base case targets βΈ» π₯ Invalidation * Loss of $6.00 (0.5 fib) * Especially if price moves toward $5.21 or below π That signals: Weak retest β potential return to range βΈ» β οΈ Summary * Current state: Pullback / decision zone * Needs: * Hold at $6 * Reclaim $6.81 π Without reclaim: * Momentum is not confirmed βΈ» π§ Final Thought The breakout move already happened β now the market decides if it was real accumulation or just a temporary spike