KR Trade on Jul 14, 2020 14:00 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• Daily Chart: Uptrend, Consolidation below recent highs.
• TTM Squeeze: N/A
• Earnings Date: 9/17
• IV: N/A
• Potential Profit: N/A
• Potential Loss: N/A

Reason For Entry:

• Playing the Daily chart. KR is making a move over a resistance level following a 3 & 8 EMA cross over the 20 SMA. Price action bounced right off the 20 SMA and 50 SMA cluster which is the support level at around $32.73. Watching for a continuation to new highs.

Reason For Exit:

• Out first half of my position at the Target 1 level. Out second half as price action held below the 8 EMA as per the plan.

Recap:

• Setup and entry were correct. First exit was at Target 1 and I set a plan to close the second half at Target 2 or if price action held below the 8 EMA. In this case, price action fell below the 8 EMA and I closed the second half for a profit. This was about a 2% profit on the full investment given that it was a small play and risked less than 1% of the portfolio.