HVN 0.71% $4.25 harvey norman holdings limited

Ann: 10 mths to 30-4-2017 agg sales by hn, dm & jm franchisees, page-111

  1. 10,673 Posts.
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    Chinese stockmarket had a sell off in the small caps because the Chinese banks added liquidity to the market.

    This spooked a mini sell off. But its likely a Fake down, as the extra liquidity will flow back in on the Bargains.

    The start of a week monday can be setting the base, then recover mid week and run on.

    Its normal for a week to have a Low and a high, if you ask me the week lows are being set in now.

    Once HVN starts to bolt it will go pretty quickly so My read of it is that this is a fake dip.

    Its at $4.09 right now, Id say could hit a high this week of $4.25.

    Once it breaks out a bit it should be all green for a few days until $4.75 or so IMO
 
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