Soldiers Shopping at Krogers

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Kroger, $KR, has been a strong stock no matter what the environment over the last 2 years. But there is an interesting pattern in the stock p[rice occurring over the last few weeks. Three Advancing White (or green in this case) Soldiers showed up.

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The pattern in the weekly chart above is the last three candles with longer than average strong candles higher. This Japanese Candlestick formation is a set up for bullish continuation. You can see that in February the same thing happened which led to a slow grind higher from 44 to 50. Will it happen again? The better question is if it does happen again are you ready to go shopping for Kroger stock?

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