Kroger Company (KR) is one of the largest grocery retailers in the U.S., operating supermarkets, multi-department stores, and digital shopping platforms. With a strong focus on fresh food, private-label products, and digital expansion, Kroger continues to attract customers through competitive pricing and convenience. As demand for grocery delivery and online shopping rises, Kroger is leveraging its logistics network and technology investments to drive future growth.
The stock chart recently displayed a confirmation bar with rising volume, pushing the price into the momentum zone, which occurs when it moves above the 0.236 Fibonacci level. This signals strong investor confidence and suggests the potential for continued upside as buying interest strengthens.
A trailing stop is a trading strategy that helps secure profits while allowing a stock to continue trending higher. Unlike a traditional stop-loss, which remains fixed, a trailing stop moves up with the stock, locking in gains while keeping the trade open for further upside. Fibonacci levels can be useful for setting trailing stops, as they often act as key support areas during an uptrend. By placing a stop near Fibonacci retracement levels, traders can stay in the trade while managing risk if momentum slows.
The stock chart recently displayed a confirmation bar with rising volume, pushing the price into the momentum zone, which occurs when it moves above the 0.236 Fibonacci level. This signals strong investor confidence and suggests the potential for continued upside as buying interest strengthens.
A trailing stop is a trading strategy that helps secure profits while allowing a stock to continue trending higher. Unlike a traditional stop-loss, which remains fixed, a trailing stop moves up with the stock, locking in gains while keeping the trade open for further upside. Fibonacci levels can be useful for setting trailing stops, as they often act as key support areas during an uptrend. By placing a stop near Fibonacci retracement levels, traders can stay in the trade while managing risk if momentum slows.
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Learn this trading method
link.traderspro.com/f39nzb0t
Daily email newsletter
link.traderspro.com/kuPneCQK
Top daily idea articles
link.traderspro.com/4aKGhiHD
Read on substack
link.traderspro.com/k2r16ljr
link.traderspro.com/f39nzb0t
Daily email newsletter
link.traderspro.com/kuPneCQK
Top daily idea articles
link.traderspro.com/4aKGhiHD
Read on substack
link.traderspro.com/k2r16ljr
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.