If the price holds above the support level of $45, we should expect it to rise toward the resistance level of $47 and if it is able to pass it, then it could approach the next one at around $48.30.
Today’s instrument is the Kroger stock traded in NYSE under the ticker KR.
Looking at KR’s chart, we can see that on the 15th of June, it had a significant fluctuation due to the announced quarterly earnings and that its last close price was around $45.70.
Today, if it holds above the support level of $45, we should expect it to rise toward the resistance level of $47 and if it is able to pass it, then it could approach the next one at around $48.30.
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