Dec. 15 at 6:03 AM
Actionable Trade Alert for
$KMB
Market Context:
$KMB is currently trading at
$103.15, with a recent RSI of 42.43 indicating it is approaching oversold conditions. The stock is below its 30-day moving average of
$104.56 and significantly below its 50-day moving average of
$110.76, suggesting a bearish trend. However, the recent low of
$99.22 presents a potential support level.
Directional Bias: Given the RSI and proximity to the 60-day low, there is a potential for a reversal. The price has room to move upwards towards the 60-day high of
$126.55, which supports a bullish outlook.
Trade Plan:
- Entry:
$103.50
- Stop Loss:
$99.00 (below the recent low)
- Take Profit Targets:
- Target 1:
$110.00 (6.5% gain)
- Target 2:
$115.00 (11.3% gain)
- Target 3:
$121.00 (17.3% gain)
This plan provides a structured approach to capitalize on potential upward movement while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
