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TomProTrader
May 13, 2015 12:29 AM

Kroger: Looking For Lower Trading To Get A Correctional Short Short

Kroger Company (The)NYSE

Description

Nice topping behaviour after a long term extended uptrend. I want to see a lower open tomorrow to even consider shorting this, this just looked good so I thought I'd publish it.

Beware, this was an extended uptrend, so bulls have been around long term. You want to find good confirmation to short something like this. I am expecting if we manage to find a short here, the highly likely target will be the 200MA, where it will probably test the level and move back up into bullish continuation. But that's just a prediction.

Regards
Tom
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