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FriscoTrades
Mar 28, 2022 8:41 PM

$KR Kroger remains bullish after PEG Long

Kroger Company (The)NYSE

Description

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 long the JUL 60c with 5,300 OI.
Comments
TORNADOF5
hi ,wow this stock gave us our teacher 4 days ago , was sure it sucks ,but you i trust more lol , stop 54.24 looks to me .?
thanks
FriscoTrades
@TORNADOF5, It's looking good, trimmed some gains but my calls are for JUL so still holding : )
TORNADOF5
@FriscoTrades,i think the dump now is cus 5000 my teacher students sold xDD im sure some of them are really big beasts ...
maybe i will buy lower again ^^
DaytimeTinkerer
KR is strong company and title is correct, but drawing shapes around historical price points is like picking objects out of the sky's clouds.
FriscoTrades
@DaytimeTinkerer, Thank you for your valuable contribution, and also appreciate all the ideas you post.
FriscoTrades
@DaytimeTinkerer, Calls up 20% now, thinking of you : )

As soon as you realize you technical analysis is a useful tool, the sooner you'll make more money as a trader.

Cheers
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