Jeez David Jones going to close heaps of stores ..yesterday read an iconic outfit been in biz 50 years gone broke and 50 stores at risk and an outfit today Collete or something going to close 33 stores
It’s retail catastrophe over the Tasman
Glassons AU didn’t grow profits last year and this year looking real glum
Will they join the long list of NZ companies who regretted trying their luck over the Tasman
Shaking out the competition will only be a good thing for HLG. They are here for the long, long term. 50 years nothing.
Been looking at the chart which looks very ugly. Unfortunately this company has pretty recent form for dropping a whole $1.50 in less than a month. Check out the share price action in December 2018 ! HLGCHART.jpg
$1.50 fall this time from recently formed (looks like a head and shoulders pattern in last six months) right shoulder at $6.00 could see it head down toward $4.50
From a TA point of view a test of long term support at $4 is even possible
Last edited by Beagle; 21-02-2020 at 05:17 PM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Been looking at the chart which looks very ugly. Unfortunately this company has pretty recent form for dropping a whole $1.50 in less than a month. Check out the share price action in December 2018 ! HLGCHART.jpg
$1.50 fall this time from recently formed (looks like a head and shoulders pattern in last six months) right shoulder at $6.00 could see it head down toward $4.50
From a TA point of view a test of long term support at $4 is even possible
Isnt that what cyclicals do?
At the top of every bubble, everyone is convinced it's not yet a bubble.
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.
Last edited by winner69; 22-02-2020 at 11:41 AM.
At the top of every bubble, everyone is convinced it's not yet a bubble.
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