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Harvey Norman Ltd (HVN) $3.93

HVN rallied +4.5% on Thursday, and although it’s not one of our favourite retailers, it now looks set to rally towards $4.50, around 15% higher, i.e. an excellent read-through for the ASX if the Discretionary Retailers can manage to bounce after a challenging 2.5 years.

  • We can see HVN rallying towards $4.50 into Christmas and the New Year.
MM is now cautiously bullish towards HVN into Christmas
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Harvey Norman Ltd (HVN)
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