On a weekly time frame, KMD has closed above three swing point highs and has also broken above the top Bollinger Band.
On a monthly time frame, if KMD continues to go higher this month then the 12 month exponential moving average would have crossed above the 24 month moving average (bullish long term signal).
Risks:
1. At the present time, the Retail Sector is not a strong sector of the stockmarket.
2. The month of May could be a bearish month for the stockmarket.
3. It does not follow through with the breakout but falls back into the trading range.
Weekly Bar Chart
Weekly Bollinger Band
Monthly Moving Averages
Chart - Breakout on Weekly Time Frame
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Last
37.0¢ |
Change
-0.015(3.90%) |
Mkt cap ! $334.4M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.5¢ | 36.5¢ | $113.2K | 302.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 74089 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 24072 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| KMD (ASX) Chart |
