It might just be silly Solly again, BUT this thing has been grinding for a long while now,
Ill be VERY surprised if they dont keep it up this time.
Tis the season anywhoo,
Holding from 63
Targets 725 and 840
Can see the change in sentiment, like a glacier. Someone got very excited into the close too.
Stage 2 move on this after this intial breakout. two month base and trying to continue.
Pennant chart that im not usually a fan of. But if Myers recent report is anything to go off.. leading into september could see a move like KGN is putting on.
Stop loss at 49c and target of 65-70c initially.
Been on watch for a while, looking to enter if share price gets above 39c. Yellow trend line is a long term downtrend which if myer can break the 39c mark, i can see it pushing up to test. Relatively safe entry here if you believe myer is still competitive in their market due to the bounce on the daily 43ema.
Stop loss at 27c.
Long term downtrend v's short term uptrend, which will prevail? Retail still has a long way to go to return to normal and Myer has big exposure to city centre locations which have seen significant reduction in footfall. Price has been consolidating since early jan. Big move due but in which direction?
Get set n ready for the run,then close.....please don't 'invest' in this one
Last chart for this great year.
Thanks for all the questions n follows etc.
Posts will resume late Jan or late Feb 2020 all depending on the summer time fun times
becoming exhausted from sells, price structure shows bears weakening, closely finished.
Will be looking for bullish PA and structure over coming months.
l'll be wanting to see if and when big boys are here before l enter in as l hate gambling
clear charts! just read logic of buyer vs sellers
$MYR - MYER HOLDINGS - Amazing retail run
Myer is another surprise runner with close to a 100% gain over since the start of March. Might be worth a look.
About Myer
Myer Holdings Limited (Myer) is an Australia-based department store company. The Company's department store network includes a footprint of approximately 60 stores in retail locations across...
