HD Long Short Term Entry
Updated
Looking for a bounce back to the upside on HD this week or a drop to the 200 MA. In my thinking, there are two entry points here depending on price action. Reversal today or this week and buy around $265 with reducing or selling position at $287. Stop-loss around $260.75. If the drop continues then looking at a slower accumulation of a short-term position between $255 and $248 to be more cautious on entry point and average in, this would be in the 200 MA range and to me seems like a bit of a long shot. Both entries would reduce around $287 on the upside.
I also think either of these buy points would be a good place for adding to a long term position.
A long entry for me would be adding to an existing long-term long position with the intention of reducing back to similar levels of holdings.
I also think either of these buy points would be a good place for adding to a long term position.
A long entry for me would be adding to an existing long-term long position with the intention of reducing back to similar levels of holdings.
Note
After 7 purchases currently long with 13% of my portfolio average cost of 263.45.
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