KR still going strong
KR is a stock I have been trading for some time - but it still offers a great opportunity if entering for the first time now.
KR first came on to my radar in 2013 as it had begun to trend well. But we needed price to take out the 1999 high ($34.91) which it did in about July 2013. After the retest it looked safe to enter but unfortunately there was a second, deep pullback in early 2014 which again retested the 1999 level. Having been bitten once it seemed prudent to wait for the break above the $50 half figure. Since then KR has continued to move higher.
This stock has an excellent linear trend with plenty of small pullback (giving us multiple opportunities to add to the trade). This stock has move up a lot in the last year but there is potential for it to move higher still.
KR first came on to my radar in 2013 as it had begun to trend well. But we needed price to take out the 1999 high ($34.91) which it did in about July 2013. After the retest it looked safe to enter but unfortunately there was a second, deep pullback in early 2014 which again retested the 1999 level. Having been bitten once it seemed prudent to wait for the break above the $50 half figure. Since then KR has continued to move higher.
This stock has an excellent linear trend with plenty of small pullback (giving us multiple opportunities to add to the trade). This stock has move up a lot in the last year but there is potential for it to move higher still.
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