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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).

Author: GC

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