Our preference: the downside prevails as long as 1.4 is resistance.
Alternative scenario: the upside breakout of 1.4 would call for 1.5 and 1.56.
Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 1.43 and 1.41). Myer Holdings is currently trading near its 52 week low at 1.29 reached on 16/12/14.
Supports and resistances:
1.56 **
1.5 *
1.4 **
1.36
1.305 last
1.17
1.11 **
1.05 *
0.99 **
So where is the bottom ?
Myer chart comments, page-12
Add MYR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
76.5¢ |
Change
-0.030(3.77%) |
Mkt cap ! $636.3M | |||
| Open | High | Low | Value | Volume |
| 78.0¢ | 81.0¢ | 76.5¢ | $1.160M | 1.477M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 93518 | 76.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.5¢ | 2271 | 1 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| MYR (ASX) Chart |