Dec. 11 at 10:57 PM
Actionable Trade Alert for
$KMB
Market Context:
$KMB is currently trading at
$104.26, near its 60D low of
$99.22 and significantly below its 60D high of
$126.55. The RSI of 51.63 indicates a neutral momentum, suggesting potential for upward movement. The 30-day moving average (MA30) at
$105.15 is just above the current price, while the 50-day moving average (MA50) at
$111.17 indicates a bearish trend in the medium term.
Directional Bias: With the price near the lower end of its recent range and an RSI that is not overbought, there is a potential for a rebound toward the MA30 and beyond.
Trade Plan:
- Suggested Entry:
$104.50
- Stop Loss:
$99.00 (approximately 5.5% below entry)
- Take Profit Targets:
1. Target 1:
$108.00 (7.5% ROI)
2. Target 2:
$111.00 (12.5% ROI)
3. Target 3:
$122.00 (17% ROI)
This plan allows for a strategic entry with a favorable risk-reward ratio. Monitor closely for market changes.
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