Its made a higher low on volume so yes i reckon if one was interested, this would be the time to buy TA wise...
However, as i have been saying since $1.40 i think it was, brick and mortar retail is a struggling industry.. MYR have gone from a semi high end store to Target type store.
Fundamentals are not good here, never have been. They can swap and change management and do all sorts of things but my call is MYR will end up an Shell/RTO in the years to come or just close up a heap of unprofitable stores. Simply cos it has lost it's luster with consumers, anything they try will be to late as online shopping becomes the norm.
MYR Price at posting:
39.0¢ Sentiment: None Disclosure: Not Held
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