Kroger broke its massive H&S pattern back in late Feb/early Mar, then retraced back up to this point to the neckline support... only to get a 20% smack down today. H&S target puts the price around... $15-18, which have been the range of previous highs before this massive run up to this point. Technicals remain negative. Do not touch! Lol.
Comments
grenadetrade
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We can see on the weekly chart the RSI divergence as KR is making the peaks of the H&S. One would like to see these technicals start to reverse and coincide with higher moves in price.