HOME DEPOT LONG
Honestly Home Depot is at a pretty stable support level( at 300) that it hasn't broken over the last year... That's not to say that it wont break under. I think That HD will go back up to the 330-340 range within in the next couple of weeks.
MACD is in a downtrend momentum but that can all change the market had some pull back the last couple of days after a crazy rally.
I think buy early May we should see some positive MACD. Which I think will take Home depot back to the 400 a share range.
RSI has it oversold and its been like that for the last 2 months. Hopefully with the market stabling and things coming to a close in Ukraine we will see home depot go on a little bull run.
MACD is in a downtrend momentum but that can all change the market had some pull back the last couple of days after a crazy rally.
I think buy early May we should see some positive MACD. Which I think will take Home depot back to the 400 a share range.
RSI has it oversold and its been like that for the last 2 months. Hopefully with the market stabling and things coming to a close in Ukraine we will see home depot go on a little bull run.
Disclaimer
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.