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Kroger (KR) Forming Bear Flag Ahead of Inflation Report

Kroger (KR) Forming Bear Flag Ahead of Inflation Report

by | Jul 11, 2022 | Chart SetUps

Kroger (KR) shares struggling to regain 21 EMA as its downtrend continues and formed an inside day Monday. Potential to breakdown beneath a bear flag under 47 and get back to 45 where there is an untested VPOC still from February and even lower if this month’s inflation data surprises. The stock has been trending down since its April peak above 60 and just recently cracked under the 200 day EMA near 48 showing a longer term trend shift to the downside.