If that's the case the Air sp should be under $2 right now given the virus thingy and all that, so why isnt it?
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Interesting ABC article on retail closures here.
Take care holders (just saying!)
50% fib retrace already from June19 low $4.00 to Dec 19 high $6.48. DCB or canny buyers?
Attachment 11051
Daily chart, log scale
Bloody awful screen resolution with uploaded pictures, not sure what's going on. A high resolution chart is here
So cool BaaBaa ...I love Fibonacci ...one of few TA things that mimic nature ...and we know about Nature’s Laws eh
Talking of Fibonacci ....put a heap on him Otaki Race 2 today at 1.17pm. ..he’s got great form like winning his last 2 races ...and baabaa’s onen bet ...the stars are aligned.
Interesting, my rudimentary TA now targets a buying support level around $4.80 (drawing a horizontal line which closes 2 triangle formations at that level), but TA should never be used in isolation of course.
eg. I have closed out my large hedging position on the ASX 200 after resistance broken thru at 7145 from Chinese stimulous announcement (expectation & actual responses) plus good US earnings etc. Will try again when the sh** hits the fan in US also and see whether Resistance turns into Support on Monday with ASX 200 as the irrational exhuberance rolls on...The jury is out for me on just how reliable TA is as a tool in general, except in Macro situations I would hope.
Well that's the thing, at least a half a dozen iconic retailers have shut down over the last couple of years yet HLG has proven its resilence and those punters then have to buy elsewhere so good for HLG. The other factor is I wonder how many of those that have gone under have no debt like HLG rather than there just wasn't enough profit in the operation.
Anatomy of a cyclical.
HLG Cyclical - Weekly Bars - 20 Years Data
Bars (weeks between)
Average
High to High 332 352
342Weeks Low to Low 464 386
425Weeks L to H : H to L 344 118 215 171 179 205Weeks
171Average weeks L:H H:L13 years
3.28Average YearsL:H H:L
Attachment 11052
What’s HLG record ....average divie 30 cents over the last 30 years or something .....or was it better than that?
I agree, HLG's strong balance sheet is in its favour. In addition HLG may well be in a position to negotiate better lease/rent deals as other retailers struggle, and let's not forget HLG's growing on-line business. So it's not 'all over rover' for HLG, just warning signals being fired.
Baa Baa's above post on cyclical trends another consideration/warning IMHO.
(Disc - not holding. Watching with interest.)