By KP Yang on October 30, 2008
I picked Kroger as my stock picks to SHORT 2 days ago while I was seeing the overall market weakness and also Kroger was trading very near to its 50d MA resistance.
Just a quick update that the market was trying to rebound after the Fed announcement’s of the interest rate cut. So, my open short position on Kroger was stopped. However, Kroger did not ride higher to break the 50d MA resistance and it ended up close lower to for a doji like candle.
Posted in US Stock Market | Tagged Kroger, Resistance, Stock Picks
By KP Yang on October 28, 2008
As I continue to perform a screen using my MA as resistance rule, I pick up a NYSE stock today. That’s Kroger. It is trading very near to the 50d MA resistance now and we can also see that it was resisted by 50d MA earlier too and took a deep dive after that.
Let’s take a look at the chart!
Posted in US Stock Market | Tagged Kroger, Resistance, Stock Picks
