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ShakeShakeLeg
May 11, 2020 12:51 AM

The Grocery Stores Are Essentials! Long

Kroger Company (The)NYSE

Description

What I see...
+ MACD just cutting above in positive territory
+ RSI is rising at 61
+ Higher lows supported by the rising 50MA
+ Further support by the 10MA
+ Decreasing vol. as price consolidates side way

- Failed Head and Shoulder
- Resistance level at 36
- Failed breakout in previous attempts

What I setup...
+ Long entry above neck-line
- Stop underneath last week's channel
+ Target at $36 - Resistance level in late 2016

Trade active

Long entry triggered.

Trade closed: stop reached

Stopped out today; -1.04R
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