Technical Analysis: KIMBERLY-CLARK CORPORATION (#KMB)

Kimberly-Clark Corporation (#KMB) is an American multinational personal care corporation that produces mostly paper-based consumer products. The company manufactures sanitary paper products and surgical & medical instrument


#KMB recently touched a strong support area of $ 134 and bounced back: we believe that with the current setup the stock has the potential to break the downward trend line started in mid October.


From a technical perspective, MACD is signalling a reversal and the RSI is quite low: this support our theory of a possible upside.


Entry price: $ 135.93

1st target: $ 140.52

2nd target: $ $ 143.75

Stop loss: $130.59




OTB Global Investments

London, 14 December 2020

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