KR a food sector leader for a safe modest trade LONG
KR in early August rose from its usual range into a head and shoulders from which
it trended down into its present lower base. I see this as a good setup for a long
trade to reach to and possibly beyond the mid Fibonacci retracement levels also
confluent with horizontal R/S lines drawn from the pivots to the left. I will take
the very safe long trade taking partials at the levels above as drawn onto the chart
with 30% at the 1st and 2nd partials and 20% for the 3rd and last. I will also
take a trade in some call options. If you would like my idea of the best calls
in my opinion, please leave a comment.
it trended down into its present lower base. I see this as a good setup for a long
trade to reach to and possibly beyond the mid Fibonacci retracement levels also
confluent with horizontal R/S lines drawn from the pivots to the left. I will take
the very safe long trade taking partials at the levels above as drawn onto the chart
with 30% at the 1st and 2nd partials and 20% for the 3rd and last. I will also
take a trade in some call options. If you would like my idea of the best calls
in my opinion, please leave a comment.
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