Kimberly-Clark (US: KMB) after its extended wave E of the expanded triangle in March 2020, the stock has been growing despite a long period of correction in April to June period. Based on the technicals, the stock will be resuming its bullish upside once again:
*The technical call is valid for 3 weeks only.
*Should the stock fails to break US160.00 again, then there is a good chance that the stock will reverse lower to its major support at US$149.23.
*For more detail of the expanded triangle, please refer to my report dated last year on 21st August 2019
CHART LEGENDS
Moving average
Red dotted line = 200-day moving average
Blue dotted line = 50-day moving average