Kroger (KR) Up then Down
This is a bit of a longer term view.
My thesis is that we go up to the $40+ area and fail as the store's food margins shrink reflecting commodity price pressures.
This may take a while to unfold.
Essentially a Bullish Gartley turns into a Bearish Bat.
As always do your own Due Diligence.
S.
My thesis is that we go up to the $40+ area and fail as the store's food margins shrink reflecting commodity price pressures.
This may take a while to unfold.
Essentially a Bullish Gartley turns into a Bearish Bat.
As always do your own Due Diligence.
S.
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