Hubert Senters here.
Let’s take a look Kroger. Obviously, moving up. I love these type of trade setups right here. The chart looks really good.
Above the cloud three days. On the fourth day it re-visited and close back above so it’s a three day buy with a pullback and then a new buy.
It looks like it’s going to continue to go so if you’ve already missed there’s a couple things you can do. Number one, you can just decide I miss this trade. I’m not going to do it and just wait.
If you want to buy it what I will do, I will draw a Fib from the beginning of this level to the end of that most recent high. And put a bid in to buy it at $34.85 for a pullback.
Now, you’re going to have to update that every day because this is going to expanding and tract overtime.
And then also you always want to see where this thing potentially could go overtime and it could take out that $42.53 area.
The reason I say that is because of this. If you look from the beginning of the selling to the end of the selling it has now closed above the $61.8 retracement which is $34.05 which implies it want to take out that most recent high and keep on cruising to $50.
Good luck. Hope it helps. See you on the next video.
Hubert.
