Home Depot: Technical Outlook
Updated
Breaking through the duplicated trend line indicating very bullish momentum. Likely to retreat back to the rising channel. Currently in a flag pattern on a 1h chart. Areas plotted to look out for, combined with daily and weekly moving averages to be used as S/R confluences. Analyst target at 356 USD.
Trade closed: target reached
Price ranging just below the target 356 USD. I'd take profits.
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