HD Buy Signal
HD peaked at $207.31 on January 26th and proceeded to selloff with the broader market, to a closing low of $171.80 on March 23rd (17%). At the closing low, the 10-day RSI was 29 vs. 23 on the higher closing low of February 5th, setting-up a positive divergence. The peak RSI between the two lows was 49, so using that as a confirmation, HD signaled a "buy" on Thursday, March 29th with a closing RSI of 50.
-- Roy
-- Roy
Note
Still valid - looking for $178.70 for an entry.Trade closed: target reached
Taking profits @ $187 ahead of earnings on the 15th.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.