Kimberly Clark - Double Top

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Like most indices and stocks, Kimberly is showing signs of a top. Kimberly Clark             isn't as correlated with the Dow as let's say AXP             , Disney or JPM             , but it moves in the same direction on the longer term, so a short in Kimberly is a short on US market.

Starting with the weekly chart, which is screaming to me SELL SELL! Class A bearish divergence on the MACD lines, combined with a huge bearish divergence on the histogram. I circled the bull power so you can compare, and as you can see bulls lost most of the steam. There is also a Double top formation, and the candlesticks speak for themselves, spinning top followed by engulifing. All these factors on a weekly chart make me extremely bearish .

Moving on to the daily, where we have the double top in mor detail. Here only a class B bearish divergence, but it is a huge one. Also, there is an evening star formation, with three shooting stars. Support lines are labeled in red, but the strong support is at 100$ psychological level. I didn't set the target there because it is quite far, first let's see what will happen at the first support level , 106.
as long as kimberly doesn't brake the previous high at 111, the short stands
You are on a roll!
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