Kathmandu Holdings Limited (KMD.NZX)

5 November 2018

Technical Summary: Interesting 5 year chart for KMD. The left side of the chart shows a stock that absolutely collapsed from nearly $4 per share to below $1.50. From those lows the stock has worked its way higher in a steady uptrend but still has a way to go before surpassing its previous highs. The action on the one year chart above is also quite intersting. The stock broke out of a long base period in June and looked to be setting up to new highs before the breakout failed (along with the rest of the market) and pulled back to its previous support. Interestingly the original gap in the stock held and this might have provided quick traders with a buying opportunity.

Interesting price action for KMD

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