Trading Idea for Kimberly-Clark Corporation (NYSE)
#KMB
The overall trend is upward. The support level of 128.64 is holding back sellers. The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed.
Stop loss under the local minimum (128.64).