Hubert Senters here.
Let’s take a look at Kroger. Now, there’s not a whole lot of great things to buy and sell out there right now because the index futures are still in wishy washy territory.
They’re starting to look a little bit better but not great so my first recommendation is super cautious right here because it could still go either way so I don’t want you to rush in and just go crazy but Kroger, KR. Looks pretty good here.
Let me walk you through this. It is trading ADX is above $20. The price section is above the cloud. It’s sold off with the rest of the market and it bounced today off of the cloud.
And also it’s about to get a working buy signal through the cloud. So if it can get through the bottom of the cloud and work its way to the top of the cloud it’s probably going to be a pretty good buy signal. It hasn’t done that yet. It’s bounced off of the cloud there.
If it can get a 60-minute buy signal which is probably going to be in the area of $28.50 straight not now $28.12. That’s not too much more price section. It needs to improve in order to go higher for you.
If it does that, that would be a decent long in my house and it would probably continue to go to about $31 even.
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You really want to see this. A cool little piece of software that they use to spit out by orders and takes a lot of the grunt work out of the trading. So I’m going to hyperlink you to this form.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
