Kroger Company (The)Short
Overbought
Updated
Today's shooting star is confirming that we are in an overbought condition. We have reached the
all time high of April 2022 again. This may be a strong resistance for the first retesting attempt at least.
Thus the next few days may be willing to trade in lower ranges.
all time high of April 2022 again. This may be a strong resistance for the first retesting attempt at least.
Thus the next few days may be willing to trade in lower ranges.
Trade active
I am taking profit now but will renew the position after a slight upward correction from here.
If there will be none I will re-open it anyway.
Trade closed: target reached
I leave the position closed for now. As the cloud and the cloud resistances have been reached there may be an upward correction now.
Thus I am satisfied with the profit for now and will look for other opportunities.
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