After five waves usually follow three.
$KMB is now $107.05. Target Hit . Great HPS (High Probablity Setup) Trade.
KMB expected to open at 113.25 for a Perfect Gap N Go. To learn to trade this strategy for free, go to www.RealLifeTrading.com
It makes sense to wait for the rebound.
What we are seeing is the beginning of wave C.
Like most indices and stocks, Kimberly is showing signs of a top. Kimberly Clark isn't as correlated with the Dow as let's say AXP, Disney or JPM, but it moves in the same direction on the longer term, so a short in Kimberly is a short on US market. Starting with the weekly chart, which is screaming to me SELL SELL! Class A bearish divergence on the MACD lines,...
Last time, before changing trend was a triple-back test. It seems the same thing will happen this time.