FROM LATE MAY TO EARLY JUNE, ONE OF THE STRANGEST SPECULATIONS OCCURED IN US STOCK MARKETS, THAT HERTZ GOLBAL HOLDING INC ANNOUNCED BUNCRUPTCY CASE, AND PLAN TO SELL $1 BILLION MORE OF ITS POTENTIALLY WORTHLESS SHARES AFTER BUNCRUPTCY CASE IS FINISHED
THE FUNNY THING, HERTS IT SELF WARNED THE POTENTIAL BUYERS THAT THE COMMON STOCK COULD ULTIMATELY BE WORTHLESS,NEVERTHELESS INVESTORS HAVE BEEN BIDDING UP HERTZ‘S SHARE TO RISE MORE THAN %500 IN A SHORT PERIOD OF TIME
TECHNICALLY SPEAKING
HERTZ‘SHARE FROM LOW REACHED ON 22/5/2020 UNTIL 11/6/2020 IS A GOOD INSTANCE ON COMPLETE CYCLE OF ELLIOTT THEORY WHICH CONSISTING OF EIGHT WAVES, FIVE UP AND THREE DOWN AS SHOWN ON 15M CHART, WE MIGHE BE IN SECOND WAVE OR (B) WAVE, WHATEVER, THIS WAVE IS THE 2ND OR THE B WAVE BOTH OF THEM FOLLOWED BY ASCENDING WAVE
ALSO, THIS STOCK SHOWS HOW THE SMART MONY MOVES MARKET IN FOUR PHASES AS FOLLOWS: - ACCUMULATION, MARK UP , DISTRIBUATION, MARK DOWN
