If you haven`t bought the dip on KR:
nor sold before the previous earnings:
Then analyzing the options chain and the chart patterns of KR Kroger prior to the earnings report this week,
I would consider purchasing the 50usd strike price Puts with
an expiration date of 2024-4-19,
for a premium of approximately $2.01.
If these options prove to be profitable prior...
📊 Analysis:
Strategic Investments: Kroger is noted for strategic investments in e-commerce.
Revenue Growth: Focus on personalization, digital coupons, and strong e-commerce sales.
Dividend Yield: Attractive 2.3% dividend yield outperforming the S&P 500.
📈 Bullish Sentiment:
Entry: Suggested entry above the $42.00-$43.00 range.
Upside Target: Aiming for an upside...
Love their fundamentals. In my opinion, a sad chart due to it being a company easily forgotten. Financially they're solid and I'd be happy to hold long-term. However, an inverse head and shoulders shows a short-term opportunity for a long.
Kroger has formed an Ascending Broadening Wedge and blasted pass the 1.618 PCZ leading to an ultimate test of the 1.902 HOP level, now KR is trading below the PCZ and has tested it as resistance multiple times this year and has broken below the Demand Line of an Ascending Broadening Wedge. From here out I think the target will be a minimum of $22.32 which would be...
If you haven`t bough KR ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of KR The Kroger prior to the earnings report this week,
I would consider purchasing the 46usd strike price at the money Puts with
an expiration date of 2024-1-19,
for a premium of approximately $2.34.
If these options prove to be profitable prior to...
KR in early August rose from its usual range into a head and shoulders from which
it trended down into its present lower base. I see this as a good setup for a long
trade to reach to and possibly beyond the mid Fibonacci retracement levels also
confluent with horizontal R/S lines drawn from the pivots to the left. I will take
the very safe long trade taking...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 47.7/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
Analyzing the options chain of KR The Kroger prior to the earnings report this week,
I would consider purchasing the 45usd strike price Calls with
an expiration date of 2023-6-16,
for a premium of approximately $2.04.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion...
On the hour chart the trend started on June 2 (linear regression channel).
There is a high probability of profit. A possible take profit level is 49.70
But do not forget about SL = 44.37
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested. Thank you!
Good luck!
Regards, WeBelieveInTrading
Bullish on $KR! Kroger ( NYSE:KR ) is showing promising signs as it approaches the $46.2 support level. If it successfully holds this level, we could see a potential price target of $48. With positive momentum building, it's an exciting time for Kroger investors.
An up channel is present on KR
I expect a fall as due to the double top at (2) back to the middle line where support can take hodl.
Weekly timeframe.
The 1,2 pattern is a sort of M pattern
KR has an overall fairly narrow trading range. On this 4H chart, it is presently in a symmetrical
triangle or slowly rising wedge. Earnings beats have been respectable. KR reversed on June 1
at the trending support line and is heading toward overhead resistance. Just before that upper
resistance trendline is the POC line of the high volume area of the profile...
Kroger is a national supermarket chain with multiple departments as it needs to compete with more prominent players who have moved into the grocery home delivery business. The competition includes Amazon and Walmart over the last few years. To stay ahead, Kroger has implemented innovative delivery and promotional working strategies that appear to be working. Also,...
Chart patterns are very subjective. I see this as a symmetrical triangle, meaning it could break in either direction. But if I adjust my trend line, I also see it as a rising wedge, which is a bearish chart pattern.
Either way, I will look for a break above 45 for calls with a target of 50.30, OR a break below with a target of 41. Either move will be an amazing swing!
The bullish piercing line candle yesterday is eyeing a potential rebound towards the resistance at US$46.76, which confluence with the upper resistance channel. Furthermore, the rising RSI confirms the bullish momentum.
