Again the web traffic has increased over Dec for Myer, even though many may regard this as natural due to seasonality, surprisingly peers like JB hifi, Kogan has seen their web traffic dropped over Dec period.
I am hopeful for good half-yearly result in Feb, but I am alittle worried about how the latest COVID development might affect the business in the short to medium term. I am glad I held off adding more to my portfolio when it dropped to 50c, there is some support around this price level and from TA perspective the next support will be around 30-33c if the price drop below 40c.
MYR Price at posting:
43.5¢ Sentiment: Hold Disclosure: Held
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