Down Trend is broken;
50 days moving average crossed above 200 days moving average;
Oscillator bottoming around 40% on dips (bullish sign);
Resistance (s): 116.90 – 119.7 – 123.3 – 126.25;
Support(s) : 112.5 – 110;
Buy at market open (last close: 114.61);
Target (s): 123.30 – 126.25 – 134.25;
Stop on a 2 days close below 112.5...
Technical Concept: Support broken becomes Resistance (Red Arrows= Resistance) (Blue Arrows= Support)
I not use sophisticated Technical jargon in an attempt to persuade and impress the reader because I not a Charlatan
I do not use fancy Charts plenty of Indicators, Oscillators, and other stuff, all in a stock chart in an attempt to impress
the reader with my...
KMB has formed a double top. It has broken an uptrend on the daily chart. However, uptrend on the higher timeframe charts are still intact. the stock has also formed a inverted falling wedge. I expect it to retrace tot he top of the wedge this week. After that if the indicators suggest a continuation of the double top downtrend then I might jump in. Overall rating...