Kroger: Looking For Lower Trading To Get A Correctional Short
Nice topping behaviour after a long term extended uptrend. I want to see a lower open tomorrow to even consider shorting this, this just looked good so I thought I'd publish it.
Beware, this was an extended uptrend, so bulls have been around long term. You want to find good confirmation to short something like this. I am expecting if we manage to find a short here, the highly likely target will be the 200MA, where it will probably test the level and move back up into bullish continuation. But that's just a prediction.
Regards
Tom
Beware, this was an extended uptrend, so bulls have been around long term. You want to find good confirmation to short something like this. I am expecting if we manage to find a short here, the highly likely target will be the 200MA, where it will probably test the level and move back up into bullish continuation. But that's just a prediction.
Regards
Tom