KATHMANDU (KMD:NZ / KMD:AX) HOLD: Positive Trends but Uncertain Outlook

17 August 2020


Technical Summary: Considering the documented fundamental issues surrounding the wider retail sector the stock of KMD has been relatively resistant and has shown great relative strength. That is at least in the last 3 years, prior to this the stock dramatically tumbled from around $4 per share to below $1.50. Since this time the stock has been slowly grinding higher and is now looking to reclaim $2.50 per share. Traders could argue that the stock is a little overextended here after a recent pull back. We would probably agree and would ideally like to see the stock consolidate a little bit before making further upside. In the last year the stock has not provided too many low risk buying opportunities from a technical perspective. However if you were looking for retail stock that is showing resilience and a bit of a fight to the wider sector then this could be one to look at.

KMD has declined from its recent highs of $1.29 in July to touch the level of $1.07 on 6th August. The low volume selloff has been pushed mainly by uncertainty around the retail sector. Technical analysis of KMD shows that the stock has key support at $1.

Do You Want Daily Market Insights?

If you’re interested in staying up-to-date with the latest news and analysis on stocks, be sure to sign up to BlackBull Research.

1 Month Free Trial

Access our expert stock market research Free of charge with no obligation

Free 1 Month Free Trial

Unlock this article & access our expert stock market research

ASX, NZX & USD Stock Buy, Hold, Sell recommendations. Model Portfolios. Daily news and more

[pmpro_checkout]