Kroger recently came out of a cup and handle with a Power Earnings Gap (PEG) and has been digesting ever since, holding most gains and creating a nice VCP / Bullpennant like formation.
Today, there were about $117M in dark pools at $57, and giving the timing and price action my bias is to the buy side.
An idea would be to go long shares or calls with time.
I'm...
Daily Demand Zone, Zone entry when 15Min chart wedge breakout.
Daily Trend line touch
Daily Bullish tweezers
Entry 43.5
Stop 42.5
Target 50
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
$KR is looking bearish to me for a number of reasons. It is reaching the trend line resistance area and is at the top of the boll band, and the RSI is reaching the oversold area, looking like a sell-off might come. Now for the potential bounce of $KR can be various locations. The first one is hitting the trend line support area, and this one seems to be the most...
Hi everyone,
Today I want to raise an interesting topic of stock market sector rotations. NYSE:KR is a great example to demonstrate that.
Since late November broad risk assests have been selling off. When investors see the rise in volatility and sell their tech stocks, where do they put their money?
They reinvest their money into low risk assets.
NYSE:KR...
For more than a year I have been watching Kroger NYSE:KR stock. I stop there every time I buy groceries so it is one of those companies that fall under "Cupboard Investing" in stocks you know and use. For something as mundane as selling groceries it is quite a volatile stock.
The history really begins in 2020 when a member of my Discord who is very bullish...
Kroger has recently made a nice increase,
further cementing the up channels dominance
after each circle, and double bottom, a strong move upwards occurs, we are currently within that move
Kroger is the USA's largest supermarket by revenue.
Keep on the radar if it shows continued strength. A push over today's highs could see the next pivot level if volume continues to flow in for the bulls.
The market might find its bottom very soon, and KR is one of my favorite stock to trade. Strong, consistent, innovative. Very likely bound off its 200 day average near $39.5, price target $44.5.
KR looking great. It just brokeout of the previous resistance which will now be support. It is holding strong above the new support. I could see it going higher from here. Next price target is at 44 level.
I like R/R on Kroger as a long entry here at the 200MA and appears to be a pivot point with a nice hammer candle yesterday.
Dec 40c as an idea, or 40/39p spread , commons for the longer term
