KR Bullish Swing

21 juin 2017

This is a trade that I actually set up on the morning of the gap up (6/17/17). It was triggered later that day and has now formed a flag pattern with a really nice indecision candle today. If we break today's high, should hit my 2R target before running in to the 10 EMA on the daily without a problem. Sitting at a massively strong support level. My original stop was below the low of 6/16/17 and has now been moved up to just below the support/resistance line. With 2 major gap down days in a row earlier this month, KR seems to be overextended. Ultimate target could be around $28.92 if you have the patience.