ATM Stock Research - Reiterates BUY on KPG @ $1.02
ATM Stock Research
Kiwi Property Group KPG – Technical Analysis Summary-
KPG fell from its peak of $1.59 in January to the lows of $0.74 in March as the market wide sell out took place across the globe. Since then the stock has retraced by almost $0.30 cents. ATM Stock Research gave a BUY recommendation on KPG in its Top 10 Stocks Special recovery report at $0.90 cents on 4th April. Since then the stock is up by almost 10 %. With high conviction ATM reiterates BUY on Kiwi Property Group at $1.02 cents to all our members and readers. The stock is largely exposed to high risk retail sector we think the market has already priced in all the risk involved. The stock is trading well below its NTA of $1.26 and hence presents a great opportunity for medium term Capital Gains. Our Fundamental analysis shows that the company will be in position to also reinstate its Dividend payments in the future and then the NTA level should become the new support price. The chart also depicts there is a short-term resistance @ $1.16 and this should be broken quickly. From here KPG will gradually move to test the $1.26 mark, the crucial point on the charts. As the normality will prevail sooner than later the chart shows it is lined up to move towards the $1.40 resistance in the medium term. We recommend Average in strategy to ATM clients to build position in this high-quality / high-risk stock.
atmstrategy.co.nz/me...mber/report/investor
Kiwi Property Group KPG – Technical Analysis Summary-
KPG fell from its peak of $1.59 in January to the lows of $0.74 in March as the market wide sell out took place across the globe. Since then the stock has retraced by almost $0.30 cents. ATM Stock Research gave a BUY recommendation on KPG in its Top 10 Stocks Special recovery report at $0.90 cents on 4th April. Since then the stock is up by almost 10 %. With high conviction ATM reiterates BUY on Kiwi Property Group at $1.02 cents to all our members and readers. The stock is largely exposed to high risk retail sector we think the market has already priced in all the risk involved. The stock is trading well below its NTA of $1.26 and hence presents a great opportunity for medium term Capital Gains. Our Fundamental analysis shows that the company will be in position to also reinstate its Dividend payments in the future and then the NTA level should become the new support price. The chart also depicts there is a short-term resistance @ $1.16 and this should be broken quickly. From here KPG will gradually move to test the $1.26 mark, the crucial point on the charts. As the normality will prevail sooner than later the chart shows it is lined up to move towards the $1.40 resistance in the medium term. We recommend Average in strategy to ATM clients to build position in this high-quality / high-risk stock.
atmstrategy.co.nz/me...mber/report/investor