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Grocerywars

Food Gaint Kroger reverses from a trend downKR has an overall fairly narrow trading range. On this 4H chart, it is presently in a symmetrical triangle or slowly rising wedge. Earnings beats have been respectable. KR reversed on June 1 at the trending support line and is heading toward overhead resistance. Just before that upper resistance trendline is the POC line of the high volume area of the profile where high volatility and increased trading could result in a bounce and fall. Confirmation is found in the zero-lag MACD indicator which shows a K /D line cross under the histogram. I will take a long trade on KR (reversion to the mean) with the stop loss at that pivot low on June 1st and the target a nickel below the POC line at 48.95. I see this as a low-risk and low reward trade which may also be the basis for adding a low risk call options trade to the options portfolio.
NYSE:KR
by AwesomeAvani
Triple Bottom or Inverted H&S?I have placed 3 green arrows representing the triple bottom, which is also the head of an inverted H&S. The RSI looks healthy, I see no reason why Costco won't perform bullishly going forward. A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears). A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance. The formation of triple bottom is seen as an opportunity to enter a bullish position. The triple bottom chart pattern typically follows a prolonged downtrend where bears are in control of the market. While the first bottom could simply be normal price movement, the second bottom is indicative of the bulls gaining momentum and preparing for a possible reversal. The third bottom indicates that there's strong support in place and bears may capitulate when the price breaks through resistance levels. An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends An inverse head and shoulders pattern, upon completion, signals a bull market Investors typically enter into a long position when the price rises above the resistance of the neckline. The dark Blue line on the chart represents the neckline.
NASDAQ:COSTLong
by ScotianBot
1
Still My Favorite Income Stock...KrogerKR I hope some took my earlier posts about KR Kroger to heart (linked), because I truly believe this is a great stock to own in an income, long term portfolio. Recent dividend hike to .16 per share quarterly, plus the added capital gains from stock price action make this a profitable stock if you own in the 20's as I do. There is still room to run upward, and as the daily chart shows there was a breakout of downtrend resistance today. Attached a weekly shot below to get a better idea of the consolidation pattern and most recent support touch. In short, I like where this stock and this company are headed in the online grocery wars to come, and with an increasing dividend, now is the time to get in and forget you own it for a while. Happy hunting and GLTA!!
NYSE:KRLong
by UnknownUnicorn1314136
1