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