HTZ will trigger a short entry on a break below this daily bearish rising wedge pattern. Although we won’t know the exact entry price until (unless) the breakdown occurs, my preferred stop will be on a weekly close not too far above the previous high of 27.20 which was put in back in July ’07, say a weekly close above 27.60, which would still provide a very favorable R/R (risk-to-reward ratio) based on my preferred swing target of 17.05. Daily & weekly charts: