Kathmandu Holdings Limited (KMD.NZX)

16 January 2019

Technical Summary: While KMD has been on a general uptrend since its collapse 4 years ago the stock still has not surpassed its old highs. More recently on the one year chart the stock has collapsed and has pulled back to an area where it was trading nearly one year ago. The question is whether support will be found at these levels or if it will be a continuation of a wider downtrend. Traders looking to capture this bounce can buy here and look to cut losses if the trend continues.

Has KMD found support?

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