KMD NZ Buying long term positionMonthly chart
Buying long term position trade for a set and forget position
Currently at
- 16% forward dividend
- Large monthly AB=CD pattern
- Monthly oversold RSI
These 3 reasons alone are enough for me to get in....
Retail is doing it tough and there are going to have to be some restructuring taking place, but it is a good brand that makes good products and I know it very well and have some of their clothes in my wardrobe
KMD trade ideas
KMD - Trade PlanKMD has been in a nice uptrend but is currently pulling back. It has approached a strong support level and could provide a good buying opportunity. If we see price consolidating and stays supported here, I will take a buy position once bullish price action is confirmed.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
KMD, it is the time to flyEveryone believes KMD should fly, just don't know when this would happen. This is about the time due to the following:
* Fake break out the support and big volumes on buying the dip.
* Price Moving averages trends start to go up with the great volume support in the last two days.
* New Zealand trans bubble opens up the tourism shopping.
ASX: KMDAn ASX Stock I picked up on my long range scans. We see in September 2019 a large volume spike which as a news event. Th OBV dropped below the 233 WMA meaning the stock was not ready to go, as all the buyers a dried up on the initial move after the news event. Price moved sideways then in December 2019 another volume spike with support by the ADX , SAR and OBV indicators to get long. This was support by great fundamentals that this stock was a bargain buy as t 3.03.