TYR 0.56% 89.5¢ tyro payments limited

Tyro Chart Analysis, page-105

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    Weekly
    TYR Found support at the first swing down of the weekly ABC corrective structure.
    Has been able to stay above the June lows during the recent Aug pullback which is a +++.
    Finding support around $1.15 (hammer on the weekly) which is an overlap of the Weekly ABC.

    Daily
    Impulsive move off the Aug lows.
    The corrective structure formed (incl the regal funds sell off) is another 3wc ("3 wave corrective") structure.
    Last 2 candles have formed a bullish harami ie: which implies price is seperating from the daily swing decline ??
    I need to see a shift in sentiment with price closing near its highs & my MA stack setting up in the right order for me to consider adding to my existing position. Currently the MA's are declining , macd below the zeroline, Di+ below Di- so nowhere near a setup.

    From a fundamental perspective TYR trading at a multiple of 105, with earnings set to grow at 27% & finally profitable.
    Fair value using a DCF model is 0.63 cents.

 
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