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GoranTrader

Long HRI: Bounce Off Weekly Demand Area

Long
Herc Holdings Inc. (NYSE:HRI)  
GoranTrader  
NYSE:HRI   Herc Holdings Inc.
Trend Analysis Chart Patterns buy swingtrading bounceup planyourtradetradeyourplan
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trendanalysis chartpattern buy swingtrading bounceup planyourtradetradeyourplan
Reasons 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
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