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...
This is a top quality share and, at this price, offers an attactive dividend yeld of 3.00%. Whit its high financial strenght, it could be a proxy of an high quality bond.
If KimberlyClark can trade above 131.5 i see a good chance, that we will test the last high at 138,5. If we trade above this level, a new high can be made.
Price below 123,5 wil generate a shortsignal
Good luck
Despite the sell off on March 21st, KMB is in a rising channel. Generally a bullish indicator. I am long. Will exit if falls below channel with heavy volume. Great long term dividend stock. #BuyandHold
