I wasn't able to post an analysis report on Friday since I was a bit sick from the booster. I'm feeling much better now, so it's time for another report!
As you can see from the daily chart above, you can see the rejection from the upper trendline earlier this week. However, I chose this ticker not just because of its chart but due to an ongoing crisis.
Recent military conflict between Russia and Ukraine has caused commodity prices to go up. Kroger being not only a retailer but also a major cereal product manufacturer, such a lift in commodity prices is quite a huge disadvantage.
Therefore, put option entry once the breakdown of the 20 EMA line confirms looks good.
The first price target will be around the 50 MA line and the stop will be above $47.75 (Friday's high).