Dec. 19 at 3:43 PM
Actionable Trade Alert for
$KMB:
Market Context:
$KMB is currently trading at
$101.51, showing a significant downward trend with an RSI of 17.23, indicating oversold conditions. The stock is below both the 30-day MA of 104.13 and the 50-day MA of 109.26, reinforcing bearish sentiment. However, the stock is near its 60-day low of
$99.22, suggesting a potential reversal.
Directional Bias: Given the oversold RSI, there is a likelihood of a bounce back. The proximity to the 60-day low also supports a bullish reversal strategy.
Trade Plan:
- Suggested Entry:
$101.51
- Stop Loss:
$99.00 (below the 60-day low)
- Take Profit Targets:
1.
$105.00 (Target 1, approx. 3.5% ROI)
2.
$110.00 (Target 2, approx. 8.4% ROI)
3.
$118.00 (Target 3, approx. 16.3% ROI)
Target 3 provides a potential ROI of over 17% if reached. Monitor price action closely for entry confirmation.
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