KR breaking out of wedgeKroger is one of those defensive stocks that is looking to pop right now. I see rotation coming back into this sector.
KR trade ideas
Kroger (KR) Up then DownThis is a bit of a longer term view.
My thesis is that we go up to the $40+ area and fail as the store's food margins shrink reflecting commodity price pressures.
This may take a while to unfold.
Essentially a Bullish Gartley turns into a Bearish Bat.
As always do your own Due Diligence.
S.
Long | KRNYSE:KR
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%,
TP1~ 38.7
Call options, strike 40, 7/16/2021
fading this grocerpt 33.50 on this old school turd. I hate shopping there, classic grocery store vibes yet they make you check out your own groceries at Uscan, there's rarely a f ing clerk to check you out, and they don't take Apple Pay. No thanks, shopping somewhere else. That said, hard to find faults in the stock itself, trades at ~12x, altho just got downgraded, what does that tell you about food retailers, and people are likely tired of shopping in this junk show. Buying puts every relief rally opportunity.
Kroger - W's Are a Happy Place
I've been looking more at value stocks (high cash flow & strong dividends)... and Kroger caught my eye.
LOOK AT THAT W!! Granted we are looking at 1 week candles over YEARS... but... I'd look at this as a buying into a long term play at the right time.
August 2012 started a massive 3.5 year bull run
Start of 2016 we see the beginning of a major retracement down to the Fib .5 line and a long term W begins to form.
August 2020 price hits and breaks the neck line but is rejected at newly established resistance line
NOW - price broke the neckline again and is on it's way to testing the other resistance line
If that second resistance line is broken, we could see the start of another strong multi year run from Kroger. If we're rejected again we could fall into a bullish pennant, which is still a strong buy, but a much longer play. If the price fell back into the pennant, you could expect price to fall back to the lower resistance line established by the bottom of the W... a strong buy opportunity if you see this as a bullish long term play.
Monthly breakout, possible big move upIf kroger can close above $38.5 this month it looks like we could breakout, potentially heading up to $$55-60 in the coming months. I will be entering some way otm calls on the 31st if it looks like we will be breaking out.
no thanksthis company is soon becoming garbage, their inventory sucked through the pandemic, promos are marked up to mark down, Walmart beats them on pricing every dam day, Albertsons has higher quality produce, Amazon Whole Foods will squeeze them out on product, client, business model & investments in the next few years. KR's POS tap-to-pay is cliche clubby & worthless going into the future. They're hard-nosed about their digital payment forms, and that's going to bite them in ass soon. They're outdated doing the bolt-on gas stations, will need to make big investments to add EV charging and then beg customers to stay in their club to get a lame rebate on fuel incentives few will rely on by 2025 on. They mark up their fuel to mark it down anyway, they're the biggest hustlers out there. No thanks, hombre. You can have this doomed K-Mart-like ghost town with a 2% dividend. You'll lose the divy once the street puts 2 & 2 together that people are sick of cooking at home and those who are cooking at home are buying bulk through Costco, Walmart.
KR is boxed in a corner forced to compete against Whole Foods & Albertsons - who also is at risk of get their valuations slashed as restaurants bounce back.
Could be forming a massive head & shoulders but I'm playing it like a weaker double-top in a regression channel. A lot of room to fall. Starting with cheap long dated puts Jan 2023 $30 strike
LONG AS ****Just took my gamestop gains and put them all into kroger for earnings. i will actually buy some puts the day before earnings just for a hedge, but im long til 2023. looks like its at the bottom of a very long trend line. YOLO
$KR - Support, 4h HBD, 200 MATheme with the laast few calls here but this one risk management is easy here. Dont want to fall under support/200 ma
NYSE:KRentry point - 32.00
cut loss - 30.00
take profit - 42.00
risk - 5.6%
reward - 32.3%
RRR - 1 : 5.7
Kroger BearishI am not licensed or certified by any individual or institution to provide financial or investment advice.
I believe Kroger (KR) is in a downtrend. I have marked what I believe to be the support and resistance with purple trend lines. As of this writing (December 30, 2020 4:00pm) I am not in any positions, bearish or bullish, in KR. If KR continues up to the Resistance and then bounces down, or if it fails to reach Resistance and just continues down, I may buy some Puts.
Falling Wedge on KRLooking like KR is at the bottom of the falling wedge, should get some short term up, might be able to break out even. This is a good time for LEAPs, so I have gotten some for KR.
LING LONGTHIS BETTER NOT MOON WITHOUT ME
SO I AM GONNA TAKE SMALL RISK SET AND FORGET AT THE PURPLE LINE.
AND WILL TAKE FULL POSITION WITH LTF CONFIRMATION.
SET YOUR ALERTS.
Entered Long position hereI bought some $31 calls expiring jan 22 21. i wanted to enter position around 30.50, but was sitting on sidelines still. im looking for a bounce up to at least $32 or so in a week and then will probably sell, hoping to make a quick 50-100% gain
$KR with a Neutral outlook following earningsThe PEAD projected a Neutral outlook for $KR after a Negative under reaction following its earning release placing it in Drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
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%.
KR LongKR Long
Weekly chart looks like: Double bottom + retest neck line;
Entry 32.5
Stop 29
Target 42
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
$KR - based on ATR, Stochastic and MAThis could be showing strong growth signs, combined with influx of covid cases - maybe worth a small position
