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KMD $2.83

downtrend, TP=Approx $1

  1. HSP

    4,022 Posts.
    downtrend, TP=Approx $1
    bearish views from long, medium and short terms.

    Started a uptrend from MAY 2012. $0.98
    Ended the uptrend in MAY 2014. $3.77
    then has been a downtrend

    probably come back to where started.

    AU$/USD is bearish, that is bad for importers
    many retailers were bankrupted since beginning of 2014. one of them came from the KMD' founder.
    warnings from similar retailers, ORL, SFH, ........
    Unemployment rate is higher than May 2014
    The budget has still not gone through
    More Aussi spent money on property
    More Aussi deposited money to banks
    clothing quality from KMD is too good to wear out, don't need to change every year.

    (I added shorts)

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