The PEAD projected a Bullish outlook for $KR after a Popsitive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 40%.
OK, just to be extremely simple and to the point #KR has been rounding their weekly as it approaches earnings.
My theory is this, being around the corner and pointing upward on the WEEKLY chart oscillators could this ticker start a path to push past the psychological number of $50
If we do something like a saucer pattern we could get to 60 by mid 2023......
Chart 1.1
As what I expected on chart 1.1, this week the market might do some price-correction. And yesterday's trade was distinctly negative after a big run so far this month. Coming off the sizable rally, market participants took some money off the table today ahead of Fed Chair Powell's speech on Wednesday and worries that a slew of economic data releases...
NYSE:KR
KR made a big move this week after the Q2 earnings call. I believe that it is now overextended.
On the 15-minute chart, the big price action is seen. However, the RSI indicator shows a flat relative
strength suggestive of bearish divergence. The Mass Index peaked out over 27.5 and is now dropped
below is the suggested trigger for a reversal of...
Kroger reported earnings that beat out Wall Street’s estimates on Friday.
People continued to prioritize at-home food consumption amid high inflation. This trend resulted in Kroger raising its full-year outlook, and we will likely see analysts raising their targets for the stock as well.
Shares jumped 7.4% on the news, making it one of the top performers in the...
The PEAD projected a Bearish outlook for $KR after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 77.78%.
Parallel line drawn against the dominant uptrend line in green allows the price target of $71 to be drawn
The similarity begins with the double bottom patterns
4D chart
Price us tight. Using options flow opened this week, I have a bear bias. Today, they opened 6/24 calls to hedge for the upside we will see tomorrow (gap up)
Purple zone was created from the locations of put blocks and call blocks.
Also, IC at this level.
I want to take July puts in this zone.
A break above, over the top purple level, we stop.
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...
Apr 28
Short (Entry Price) within the sell zone area and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $53.90 / $54.32
Target Price: $53.20 / $53.60
Stop Loss: $55.05
Kroger is one of the top-performing non-energy stocks in the S&P 500 in the last year. Now it may look interesting to trend followers.
The main feature on today’s chart is the surge after quarterly results on March 3. KR tried to pull back to the bullish gap in April, only to see buyers defend levels slightly above it. Notice the series of candlesticks this month...
The PEAD projected a Bullish outlook for $KR after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 71.43%.
There are no certainties in the stock market. These names have shown good relative strength and accumulation volume . This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 25 total...
