Saturday, November 03, 2007

KMB Analysis for 11.03.2007

KIMBERLY CLARK - KMB

Monthly chart shows abc 3 wave pattern into test of the high at $73.50 area.
Weekly chart shows price to be in a consolidation phase.

Daily chart shows the consolidation phase to have possibly completed 5 waves into the $71 area high. Friday's price action created a doji/hammer type of candle pattern. Look for possible consolidation before next move.

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