This particular breakdown I'll use Kroger to show how profitable you can become by getting in on "Range Position Plays".
When prices create a lot of two sided trading for an extended period of time like Kroger did from Feb-May.
Traders should start to identify when the range is beginning to weaken.
Kroger traded in a range for 3 months before finally breaking...
First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. Last time I was WRONG. I was predicting Kroger was going to peak at $35, and it peaked at $34.50. Sorry, if you made $0.50 less as a turnover :). I became way better recently getting closer to these targets with confidence intervals, sine...
