Long groceries

I've been patiently waiting on a setup to enter Kroger KR for a while now. It is a fan favorite on my social media and I do nearly all my grocery shopping there. Yesterday I finally got a spike setup (Spike Alert with proper metric, at a 50% Retracement Level) that fit my criteria so I entered. While this is just another trade at the moment in the short term once profits are secured I hope for a break of the high and addition to my long term portfolio.

Kommentar:

Fundamentally I have an attachment to the company in terms of "cupboard investing " (investing in what you know and use) and technically price has come down off a run I had to resist FOMO to a very good Weekly 50% Retracement.

Trade geschlossen: Ziel wurde erreicht:

Would have liked to have gotten the top of the opening spike but still closed at my 3:1 target. Rolled the remaining shares into a portfolio position I want to hold for the long term.