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Harvey Norman Holdings LtdHarvey Norman Holdings LtdHarvey Norman Holdings Ltd

Harvey Norman Holdings Ltd

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HNN trade ideas

Harvey Norman - Attractive Valuation (Value investing category) ****Not a Financial Advice****** Harvey Norman with a dividend yield of almost 8.5% and now after earning release has corrected between 11-14% in a matter of a week. The downside is contained with side way consolidation for next few months. Two much bad news and headlines now make it as value buy. Always a good idea to look for opportunities at peak pessimism. Consumer discretionary and housing market/approval downturn pointing in that direction. Markets are forward looking. To me, this looks attractive for Long opportunity with a 1-2 year horizon. Do you own due diligence!!! Disc: Holding it in my SMSF.
ASX:HVNLong
by aammiitt2
HVN - Harvey Norman Bears come out to play? - Short IdeaHarvey Norman another stock looking to blow off some steam after a nice Covid bull run. High demand in online shopping sector combined with the Covid lockdowns and agreements with BNPL companies saw nice 160% Gains for Harvey Norman. However The bears look to be in control here and we should be able to pick up some solid gains within the correction phase by going short. Currently price is rejecting off the 100 day MA on the daily chart and Relative strength index is in oversold territory. Given new outbreaks in Australia and short lockdowns in Victoria (Which may go longer) We may see a change to the upside. Again another stock which i feel is in need of a solid correction. I'm chasing the gap fill here My Long term target is set. Where's yours? As always tight stops! Manage your position and review it. My position will change long to short multiple times over the duration of any correction depending on risk reward ratio of course :) I AM NOT A FINANCIAL ADVISOR- I LOOSE 100% OF MY TRADES IF I DON'T PAY ATTENTION & STICK TO MY TRADE PLAN - YOU WILL TOO!!! Tight Stops and big profs - Happy Trading :) Opinions and advice welcome :)
ASX:HVNShort
by TMR-Trading
HARVEY NORMAN (ASX:HVN) In overbought territoryHarvey Norman is a popular electronic and household appliance branch in Australia however despite profit levels and steady insider buying some data outlines HVN may be due for a correction. Based on Fundamentals HVN has both negatives and positives. Positives: --> High returns despite covid-19 as Australia retail sales dropped 1% --> Steady insider buying ($1.1 mil) in past 6 months --> Heavy insider ownership at around 41% This essentially shows that in the long term insiders are comfortable with the direction of HVN and believe in long term success. --> Vaccine rollout is commencing in Australia meaning lockdowns should not occur Negatives: --> As covid-19 is still around the unlikely chance of a lockdown can be debilitating to the stock price. --> Australian Retail sector is overall struggling On a technical analysis pov HVN shows some rather bias signals. Some include: --> Completion of dark cloud cover candlestick pattern (Bearish Reversal Signal) --> Hitting resistance of wedge pattern and as of 22/03/2021 was unable to break Oversold in terms of: --> RSI --> Bollinger Bands --> MFI Overall in short term perspective HVN is oversold and a short position can be effective however with good management and growth in profits can be a good long term stock. A stop lose will be when price opens above the trend line of wedge as it may act as support level Profit levels are at minor support levels however if price strength appears then profit levels may be increased to bottom of wedge.
ASX:HVNShort
by Mikey_Scali
$HVN:ASX - HARVEY NORMAN - Breakout?Harveys has been running well in the absence of any real competition from Amazon having arisen. It's a long way off old historic highs and looks like it might be able to breakout. There was a minor pull back the previous day so if its up today and volume appears it could be worth a look. Might get rejected as before so buyer beware :) Harvey Norman Holdings Limited (HVN) engages in franchising operation, integrated retail business, property development and digital system. HVN operates under a franchise system in Australia and operates wholly-owned or controlled stores in overseas markets. Market Depth: 82 buyers for 336,250 units vs 74 sellers for 202,752 units
ASX:HVNLong
by zAngus