MYR – Myer Holdings Ltd

These extracts from my trading diary are for educational purposes only and should not be interpreted as investment or trading advice: Terms of use

Code:

Company Name:

Sector:

Size:

Confirmed Trend:

MYR

Myer Holdings Ltd

Retailing

ASX Top 500

Commentary:

Myer Holdings has been listed for 3 months now, enough to determine the direction of the trend. As there is solid trend line resistance hanging overhead, MYR would be considered to be in a down trend.

As it is fairly “new”, 11 weeks of bars moving up from any low would signal that the down trend was wrong - the minimum preferred according to W D Gann.

Click the chart below to enlarge: