Kroger extends gains - Analysis - 03-04-2023

Kroger Company's stock (KR) kept rising in the intraday levels amid the dominance of the upward correctional short-term wave, while buoyed by piercing the main downward trend line recently, marking a profit of 0.63% in the last session, or 31 cents, and settling at 49.37, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.

Therefore we expect more gains for the stock, targeting the pivotal resistance of 52.25, provided the support of 46.50 holds on.

Expected trend for today: Bullish