In the daily bar chart of KMB, below, we can see that prices have outlined what looks like a diamond pattern the past five months. Prices have widened from June to September and now they look like they are narrowing.
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Another look at the market using moving averages.
The prospect of good chart support for the software giant's shares could offer aggressive traders an opportunity to jump into the stock on a decline.
The most likely near-term path for the market is down amid coronavirus fears, but be prepared to put money into stocks once the outbreak is contained.
Let's see, what does the guide to the entire universe have to say that could possibly help us in the face of a virulent virus? Two words.