MYR Charting Thread, page-39

Greetings Myer Holders,

I've not done a chart update in 2024 for MYR yet but it seems one is certainly warranted. Notes regarding last Fridays close if I suspect it to be the case as theorised, we MAY see Monday morning seeing prices gapping up as once again SPY 500 makes another high aswell as news circulating over the weekend

When making this post in September, I had goals and targets for a $80c to $1 retest as prices seemed like they were about to break out! Well, they definitely sold it down, but I managed to get out with a loss not so ugly, had I not cut losses and just held.

I have rebought as the stock appears to now be trending back up and prices moving past key levels. The recent Trading Update seems to have caused a a great reaction so far, making it to be an Earnings Winner. This si why we cannot see many shorts on it, as prices move up the short count declines as they cover up.

I have attached a Daily and Weekly chart, showing zones and levels I deem to be BUY AND SELL ZONES from a technical standpoint

With how Friday closed, it seems it is acting as a 1st Green Day pattern on suppressed or declining volumes, which look like supply being held back as the chart is looking like a Pennant Flag being set up for a continuation move north. I have a lan, as I did last time so IF I AM WRONG AGAIN I will need to cut losses and re-assess my entries

Weekly Chart (last one attached) shows history of BIG MULTI WEEK spikes, can we see yet another big parabolic move towards high 90c to low $1'sin 2024??? I am bullish based on trend and price action as well as turning Fundamentals IMO GLTAHZ!

SENTIMENT: BUY!!
POSITION: HELD!!