KMBD trade ideas
$KMB is now $107.05. Target Hit . Great HPS Trade.$KMB is now $107.05. Target Hit . Great HPS (High Probablity Setup) Trade.
KMB Day Trade Perfect Gap N Go (Brad Reed Jan23,2015)KMB expected to open at 113.25 for a Perfect Gap N Go. To learn to trade this strategy for free, go to www.RealLifeTrading.com
Kimberly Clark - Double TopLike most indices and stocks, Kimberly is showing signs of a top. Kimberly Clark isn't as correlated with the Dow as let's say AXP, Disney or JPM, but it moves in the same direction on the longer term, so a short in Kimberly is a short on US market.
Starting with the weekly chart, which is screaming to me SELL SELL! Class A bearish divergence on the MACD lines, combined with a huge bearish divergence on the histogram. I circled the bull power so you can compare, and as you can see bulls lost most of the steam. There is also a Double top formation, and the candlesticks speak for themselves, spinning top followed by engulifing. All these factors on a weekly chart make me extremely bearish.
Moving on to the daily, where we have the double top in mor detail. Here only a class B bearish divergence, but it is a huge one. Also, there is an evening star formation, with three shooting stars. Support lines are labeled in red, but the strong support is at 100$ 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.
KMBLast time, before changing trend was a triple-back test. It seems the same thing will happen this time.
