![\"\"](\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/HVN.jpg\")
<\/p>\n<\/p>\n
\n\tBy Rudi Filapek-Vandyck<\/p>\n
\n\tIt hasn't escaped the attention of the TechWizard that shares in Australian retailer Harvey Norman ((HVN)) have not participated in the present share market rally.<\/p>\n
\n\tIs the market telling investors a story, he asks rhetorically?<\/p>\n
\n\t<\/p>\n
\n\tThe Wizard notes retail sales data for February released in Australia today surprised to the downside on two accounts. Not only was the headline figure below expectations, but last the previous month's result was revised lower as well.<\/p>\n
\n\tTechnically, the prospects for Harvey Norman shares are not looking good, reports the Wizard. His gutfeel tells him the shares will put technical support at $3.58 to the test, and if the level fails to hold he expects more selling pressure to kick in.<\/p>\n
\n\tIn addition, the MACD indicator is bearish and this supports his view that rallies should be sold.<\/p>\n
\n\tThe Wizard is at present not a shareholder in the company.<\/p>\n","protected":false},"excerpt":{"rendered":"
The TechWizard reports things are not looking upbeat for shares in retailer Harvey Norman.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[35],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56433"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=56433"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56433\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=56433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=56433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=56433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}