HD - Possible Swing Opportunity
Updated
HD is currently at a strong R/S zone.
If HD can hold/break above the $269 area price, we could be looking at a $275 PT.
Things to look for other than confirming the support/resistance area:
*in no specific order*
1) breaking levels with above average volume
2) overall market index strength
3) It's currently testing the 100 EMA as well which makes watching how it reacts at these levels that much more important before jumping in.
4) if stimmy does pump market all sectors could see an increase, but it may leave Dow stocks lagging a bit
What are your thoughts on HD?
Play, or Nay?
If HD can hold/break above the $269 area price, we could be looking at a $275 PT.
Things to look for other than confirming the support/resistance area:
*in no specific order*
1) breaking levels with above average volume
2) overall market index strength
3) It's currently testing the 100 EMA as well which makes watching how it reacts at these levels that much more important before jumping in.
4) if stimmy does pump market all sectors could see an increase, but it may leave Dow stocks lagging a bit
What are your thoughts on HD?
Play, or Nay?
Trade closed: target reached
hope someone collected tendies
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