Kroger (NYSE:KR) is a leading owner and operator of supermarkets and convenience stores and its stock peaked on January 31, 2018 at $31.45 a share. Since that pivot top, shares have dropped sharply lower. Today, KR stock is trading lower by 0.04 to $23.72 a share. Traders should now note that the stock has been forming a bearish base since March 8, 2018. This pattern indicates that more downside is coming for the stock in the near term. The next major support level for KR is around $21, which should be watched closely for a potential bottom in the stock's price.