The charts and indicators of Kimberly-Clark Corp. ( KMB) are acting strong well ahead of when the company is expected to report earnings on Jan. 26. Traders and investors may be anticipating some strong numbers. Let's check out the charts. 
In this updated daily bar chart of KMB, below, we can see how prices have rallied into the $142-$143 area a number of times over the past year. Prices also found good buying interest (support) in the $130-$128 area several times. Buyers seemed to be more aggressive in early December as they came into the market at $130 -- a bit higher than on the other dips. Prices are trading above the rising 50-day moving average line and above the 200-day line. Notice that the 50-day line has crossed above the 200-day line for a bullish golden cross of these two averages. The On-Balance-Volume (OBV) line shows strength from late October, telling us that buyers of KMB have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.
In this weekly Japanese candlestick chart of KMB, below, we see a positive-looking picture. Prices are trading into the $140-$145 area and are stronger than the other attempts; prior rallies show upper shadows as traders reject the gains. This time the candles show white real bodies, which are bullish because it shows that the close is higher than the open. The 40-week moving average line has a positive slope. The weekly OBV line is firm. The MACD oscillator is bullish.
In this daily Point and Figure chart of KMB, below, we can clearly see the recent upside breakout (this is one advantage of using a Point and Figure chart). Here the software is projecting a potential upside price target in the $167 area.
In this second Point and Figure chart of KMB, below, we used weekly price data and a five-box reversal filter. Here the price target is the $195 area.
Bottom line strategy: Traders could go long KMB at current levels and on strength above $144. Risk to $136 for now. The $167 area is our first price objective.
