Kroger Short-Term Retracement

I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.

I think Kroger will have a brief retracement, or go sideways for the next few days or couple of weeks. Today (Monday, January 22, 2018) it formed a Hanging Man Candlestick . This is often a sign of reversal, but not always. The green trendline (bottom) I have drawn is based off the bottom wicks/shadows/tails of candlesticks (primarily January 04 and January 10 of this year). The orange trendline (top) is drawn off the actual bodies of candlesticks , rather than their wicks. Either of these could provide a support base for Kroger to once again continue bullish ; or again go up only to hit pause on the blue horizontal line ($29.78ish) which seems to have snagged it as resistance for the past couple of trading days, but was also briefly acting as support back in June 2017.

I don't currently hold any positions in Kroger , but may consider a Put or two if it does start to follow my prediction.


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