Harvey Norman Holdings Ltd (HVN.ASX)

24 September 2018

Technical Summary: Not much has happened for long term holders of HVN with the stock trading only slightly higher than where it was 5 years ago. The stock has been hit by the standard volatility that has been associated with other retail stocks. On the chart above the stock is trading lower than it was a year ago. The stock appears to have found some support above $3.20 per share after a nasty break to the downside on heavy volume. The stock continued to sell off after the break and while it has found support now, things seem to be building for the next move in either direction.

Interesting chart for HVN

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