How has there not been any MYER Charts in over a year?!
Well, here are my findings below. I am upgrading this to a BUY for several reasons outlined.
Here is a Weekly chart of MYR which shows the sales and depth for 5th September 2023
It appears to be a really large Whale getting in at the 200 EMA levels. I can't help but suspect we are due for a short squeeze in the near future!
Not to mention there was a $16M on market purchase in the last days of August.
As a swing pattern on the weekly this should have targets of 90c to $1 zone
This chart here is the Daily which clearly shows each time MYR goes above the 200 EMA prices rally for a while more.
To further illustrate points regarding a short squeeze, we can see just recently someone went BIGGGGG on the short for MYR and it's looking likely that the risk is being reduced before parabolism is seen IMO
Sentiment is HELD and BUY for me but DYOR here!
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 (20min delay)
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Last
64.5¢ |
Change
-0.005(0.77%) |
Mkt cap ! $1.114B | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 65.8¢ | 64.0¢ | $2.501M | 3.863M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 97 | 64.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.0¢ | 35326 | 2 |
View Market Depth
| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| MYR (ASX) Chart |