Nov. 13 at 1:18 AM
$KR is currently trading at
$65.09, below its 30-day moving average (MA30) of
$66.59 and 50-day moving average (MA50) of
$66.65, indicating bearish sentiment. The RSI of 33.94 suggests that the stock is nearing oversold conditions, which could lead to a potential reversal. However, with the price closer to the 60-day low of
$62.59 than the high of
$71.90, the market context leans towards continued weakness in the short term.
Suggested entry point:
$64.50, slightly below the current price to capture potential downward momentum. Set a stop loss at
$63.50 to limit downside risk.
Targets: First target at
$66.00, aligning with the MA30, and a second target at
$67.50, which is near the previous resistance levels.
This trade plan capitalizes on potential short-term recovery while managing risk effectively.
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