Stocks we're watching this week - KMB, MET and more

Daily Chart -[BULLISH ↗ **]KMB is holding above mid-term ascending trendline support and hasbeen making a series of higher highs and higher lows. As long as price is holding above 142 support, a further push higher towards 155.70 resistance is expected. Technical indicators are advocating for a bullish scenario.

Daily Chart -[BULLISH ↗ **]MET has been trading within an ascending channel since April 2023. A pause is expected above support at 72.40 before shaping a push higher towards channel resistance at 78.70. Technical indicators are advocating for a bullish scenario.

Daily Chart -[BEARISH ↘ **]5401JPis holding below mid-term descending trendline resistance. A pause below 3215 resistance is expected before shaping one more push lower towards 2800 support. Technical indicators are advocating for a bearish scenario.

DailyChart -[BULLISH ↗ **]3692 HK has been making a series of higher highs and higher lows. With price holding above 19.00 support, a further push up towards 22.35 resistance is expected. Technical indicators are advocating for a bullish scenario.

Daily Chart -[BEARISH ↘ **]S63 currently pulling back lower from recent swing high. With price holding below 4.45 resistance, a short term drop towards 4.23 is expected. Technical indicators are mixed with MACD showing a build up in bearish momentum.

Prepared by:

Isaac Lim CMT, CFTe
Chief Market Strategist

This report is provided for informational and general circulation purposes only and should not be construed as an offer, solicitation, or recommendation for the purchase or sale of securities, futures, or other investment products. It does not take into consideration any particular needs of any person. This advertisement has not been reviewed by the Monetary Authority of Singapore.