0JS2 trade ideas
Stocks To Watch This WeekThere are no certainties in the stock market. These names have shown good relative strength and accumulation volume . This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 25 total stocks on this list with 0 short squeeze candidates . Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
$KR Kroger remains bullish after PEGKroger recently came out of a cup and handle with a Power Earnings Gap (PEG) and has been digesting ever since, holding most gains and creating a nice VCP / Bullpennant like formation.
Today, there were about $117M in dark pools at $57, and giving the timing and price action my bias is to the buy side.
An idea would be to go long shares or calls with time.
I'm long the JUL 60c with 5,300 OI.
KR LongDaily Demand Zone, Zone entry when 15Min chart wedge breakout.
Daily Trend line touch
Daily Bullish tweezers
Entry 43.5
Stop 42.5
Target 50
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Kroger Co USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
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$KR potential reversal $KR is looking bearish to me for a number of reasons. It is reaching the trend line resistance area and is at the top of the boll band, and the RSI is reaching the oversold area, looking like a sell-off might come. Now for the potential bounce of $KR can be various locations. The first one is hitting the trend line support area, and this one seems to be the most likely area. The reason being is, if $KR were to fall all the way down there, it would be backed up by the 200 EMA (the thick line), the VPVR red line (the red thin line, forgot the name of it), and would be at the lower boll band indicating that it will be time for a reversal after the selling off finishes. However, $KR might not go that low in price. The purple area is the area where $KR bounced and had support at the 61.8% and the 78.6% fib levels, and $KR might have a higher bounce than expected and might just go up from that purple area.
To conclude things, $KR looks bearish to me and should go down these next few days and possibly weeks unless it breaks the resistance and finds support there.
Thank you, and leave any suggestions down below in the comments!
Kroger stock is investor's safehaven in a volatile period.Hi everyone,
Today I want to raise an interesting topic of stock market sector rotations. NYSE:KR is a great example to demonstrate that.
Since late November broad risk assests have been selling off. When investors see the rise in volatility and sell their tech stocks, where do they put their money?
They reinvest their money into low risk assets.
NYSE:KR stock recently fired off a signal for a great buy opportunity .
That's because Kroger represents Consumer Defensive stock sector and money has been flowing in from all the risk assets selling.
And indeed, we can see that since November 22 stock gained around 25% in price.
Now it is making all time highs, while all major indexes are nowhere near their tops.
As the cycle continues, money will outflow from the stock, which will cause it to retrace back.
But do not forget that Kroger is an established business with decent earnings and a long history of dividend payments.
It won't crash like tech stocks tend to do.
Instead, it will retrace to around 40-43 level.
And when the tech recovers and we reach peak of bullish euphoria once again, just buy some Kroger stock .
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise
"A stock is never to high to buy" - Kroger patienceFor more than a year I have been watching Kroger NYSE:KR stock. I stop there every time I buy groceries so it is one of those companies that fall under "Cupboard Investing" in stocks you know and use. For something as mundane as selling groceries it is quite a volatile stock.
The history really begins in 2020 when a member of my Discord who is very bullish the stock got me interested. Kroger had a big earnings dip on December 2020 and I hesitated to pull the trigger. I prefer to only enter any instrument on an indicator defined setup. Entering on the drop would have just been a "gut trade" on my bullish bias. So I waited. For reasons unknown the stock got a massive RIP in January during the Meme Stock Madness that month. Clearly I had missed the run. So I waited.
It took 10 months until October 2021 before on my daily scans I finally saw KR with a bullish Spike Alert. It fit my rules for happening at a 50% Retracement Level so I went in. The trade played out to the first target with no problems and I left on shares for the long term position I desired.
Patience pays off. Do just jump into a stock on FOMO. You'll always get an opportunity even if it takes months of disciplined waiting if you are diligent.
KR Fib TargetsTrigger: Golden Star at 40.45
Theory Failure: Price below 38.24 Support
Entry Target: Watch for retracement to 41.96 or 40.54
Price Target: Potential breakout to 44.26 then 45.89
Top Target: 47.98
Past Resistance: 42.81
Recent Support: 42.43
Stop Loss: Half distance to next lower fib level from entry.