Traders are watching this Rectangle on KMB. Inspect the chart now.
Sideways movement between parallel supports.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
A clear signal has emerged for Kimberly-Clark (KMB) on the daily chart. The stock is trading at $97.16, up 0.58% on the day. Algorithmically, a Bearish Flag structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $92.42, targeting $74.38 with support near $98.81 (R:R 2.82).
What is your outlook on KMB?