HD Long Opportunity
Updated
HD has strong fundamentals & has just begun an uptrend. Set a stop loss at the indicated line when opening the position. On breakout of resistance line go to trailing stop loss.
Roughly 2:1 risk to reward ratio.
HD is sensitive to moves in SPY which has been tempermental lately so keep that in mind as you trade.
Roughly 2:1 risk to reward ratio.
HD is sensitive to moves in SPY which has been tempermental lately so keep that in mind as you trade.
Note
The macro uncertainty & inflation fears seem to be holding this back.
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