Kimberly Clark is another mega stock that has been having a good consistent run for years. Looks set to make new highs with a recent breakout. Volume is a bit light at this level so might need to wait another day for confirmation of continuation and not a pull back. Earnings arent too far around the corner either but it seems to have rallied well off earnings in...
KMB has climbed all the way back up to its upper resistance, and all indicators and price action show that it is going to be very difficult to pop through it this time. It would appear that a reset for a push on up is necessary, which I do eventually think will happen. In my opinion, a good place to get long this stock would be around the 120-123 area. For now...
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...