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Feb 21, 2019 9:36 AM

KR approaching resistance, potential drop!  Short

Kroger Company (The)NYSE

Description

KR is approaching our first resistance at 29.55 (horizontal swing high resistance, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 27.57 (horizontal swing low support).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price.
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