Great Company, terrible technicals

Updated

After forming the double top at around ATHs, HD has found itself falling from grace. Skipping the volume shelf on the way down. Now it is moving towards the volume shelf that seemingly might act as resistance this time around. Another bear flag with another leg down to be seen. Initial short side target would be around 345

Note

Fighting with that volume shelf in the 360-370 range. Movement will depend if we get a trendline support break. Looks weak still in my opinion

Note

broke trendline support, volume shelf too strong. nobody wants it around 371

Jlov

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