KR Trending Higher: Potential Move to 67.20NYSE:KR is trading within a well-defined uptrend supported by a rising trendline, signaling strong bullish momentum. The price has consistently respected the trendline, reinforcing the structure of higher highs and higher lows, which aligns with the trend continuation narrative.
I anticipate that if the stock maintains its upward momentum, it could move toward the 67.20 level. This setup aligns with the broader bullish trend, supported by a clear breakout and sustained strength above the trendline.
Let me know your thoughts or if you see the setup differently!
Krogerlong
GREAT ENTRY on $KR - Looks at this setup! Possible 20% gains!!!!It's no secret that Kroger has been absolutely slaughtering the game lately.
It is currently consolidating at the bottom of it channel and has a chance to move 20% up to the top of the channel.
Kroger's stock has gained 22% this year on the grocer’s surging sales and its participation in the U.S. vaccination campaign against COVID-19. The company is delivering millions of vaccinations to people nationwide, creating more repeat customers for its pharmacies and supermarket offerings. Kroger generated record sales of $132.5 billion in the year ended Jan. 30.
Kroger is betting that its in-store pharmacies and clinics can keep its supermarkets central to consumers’ lives even as the coronavirus recedes. Next week’s earnings could provide some insight to investors regarding the path it intends to take once the pandemic is contained.
KROGER LONG!!!
KR Long for 100% + profits over the next 2 years
I analyzed the medium average on the weekly time frame and that hit the support line.
The stochastics on 4h, D, W are all bottomed out, which means a good point of entry.
The crash was due to unmet quarter revenues of the company, but profits were met. By analyzing the history of this company, it has been proven to have a trustworthy pattern. Another sign of confidence was given by Warren Buffet, who has shares in this company and recently bought more in November 2020.
I am looking to keep this stock for the long term, with a generous stop loss at 18%.