Use advanced tools to confirm the Descending Triangle on KR before you trade.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Sideways movement between parallel supports.
Market participants tracking Kroger should note the latest formation. With a last close of $56.87, volatility remains active (1.99%). Algorithmically, a Bearish Flag structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $54.83, targeting $37.27 with support near $60.34 (R:R 3.19).
What is your outlook on KR?