Kroger was active last week selling on huge volumes (along with XRT which was the week's worst performance). KR is about to approach 29 support zone. To me KR is not the weakest retail stock, I would expect a bounce off of 29.00 at least into 30.25
Interested to watch price action over the next few weeks as approached trend line support
Another confirmed reversal into bullish territory by the Magician's Indicator
Still early into this trade....
Hold Time: TBD
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Kroger breaks through 50 day MA on 10/24 and shows as bull flag on the weekly chart. Looking for the bull flag to pull away, stop price low from 10/21 30.65!
Very new to this so just some thoughts from a very beginner investor.