Kimberly Clark (NYSE: KMB) Long Term Technical Analysis February 2017

KMB Long-term outlook

Sluggish performance since July 2016 erased after the share price of KMB increase more than 10% since January earnings report. The company is defying all odds despite declining organic sales growth in all sectors except developing and emerging market.

 

The upward movement of KMB share price might face difficulties in coming earnings report, but the company might be able to offset unfavorable situation by reorganizing its business.

Click here to see KMB December 2016 analysis

New Month

Monthly chart

The sharp reversal in the monthly chart happened and brought KMB up near its upper channel. The bullish momentum is strong and might be able to move higher than the record high $138.87.

Weekly chart

The weekly chart of KMB extremely bullish with the price moving up from $116.26 to $133.66 in just five weeks. Traders need to watch price action near $138.87 if the bearish pattern formed, the price might reverse its course of action for short-term.

Daily chart

KMB higher on the daily chart, far from its daily SMA 200. The current situation is not ideal either for a long position or short position as the price move in strong momentum upside. Traders might need to wait until the price stalled at important resistance before entering positions.

Trade plan

Long position needs to wait for a break above $138.87 and bounce from it after re-test.

Short position bests taken when the price form bearish pattern near the $138.87 resistance.

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