Home Depot sells CUPS with Handles Now?! 30%+ Move Inbound!When Did NYSE:HD Start Selling Cup w/ Handles? ☕️
Looks like NYSE:HD is introducing a new item for 2025 - the Cup with Handles! 🎉
I have a feeling this is going to be a BIG HIT! Just need to see XMAS RED➡️GREEN on the H5 Indicator before we go ahead and buy these new cups with handles.
I've added it to my watchlist and set an alert!
🎯$468
📏$532
HD
Home Depot (HD) Analysis Company Overview:
Home Depot NYSE:HD , the largest home improvement retailer, leverages its extensive network of stores, robust e-commerce platform, and strategic acquisitions to maintain a dominant market position. The company continues to innovate and adapt to evolving consumer demands while capitalizing on macroeconomic trends.
Key Drivers of Growth:
Strategic Acquisition of SRS Distribution Inc.:
The acquisition enhances Home Depot’s market reach and diversifies its product offerings, particularly in specialty building materials.
This move is expected to drive revenue growth and profitability, strengthening its competitive position.
Projected Sales Growth:
Fiscal 2024 sales are projected to grow 3.8% year-over-year, showcasing Home Depot’s resilience and its ability to capitalize on consistent consumer demand for home improvement products.
Impact of Federal Reserve Rate Cuts:
Recent rate cuts are expected to stimulate housing activity, increasing demand for renovation and home improvement supplies, a key driver of Home Depot’s sales.
Strong Brand and Omni-Channel Presence:
Home Depot’s extensive store network and advanced e-commerce platform provide a seamless customer experience, offering resilience in both physical and digital retail markets.
The company’s reputation as a trusted supplier to both consumers and professionals enhances brand loyalty and repeat business.
Investment Outlook:
Bullish Stance: We are bullish on HD above $385.00-$390.00, supported by its strategic growth initiatives, favorable macroeconomic tailwinds, and robust operational performance.
Upside Target: Our price target is $570.00-$575.00, reflecting Home Depot’s strong growth potential and ability to navigate dynamic market conditions.
📈 Home Depot—Building the Future of Home Improvement! #HomeImprovement #GrowthStock #HD
HOME DEPOT Consolidation then rally until end of the year.Home Depot (HD) hit our $415.00 long-term Target as called on our previous analysis 5 months ago (April 24, see chart below):
It doesn't show however any signs at all of stopping here as the Channel Up has still significant upside potential before it prices a Higher High on its top. Being on its 2nd Bullish Leg and approaching the 1.236 Fibonacci extension, it is possible to see a minor short-term pull-back and then a more structured rise until the end of the year.
This is at least the pattern that the 1st Bullish Leg of the Channel Up followed and is that helped us pursue the previous ($415) target in the first place. The 1W MACD also shows the strong similarities between the two Bullish Legs.
As a result, our new long-term Target is $460.00 (marginally below the 1.786 Fibonacci extension).
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Home Depot (HD) potential Buy setupReasons for bullish bias:
- Price is at a strong support
- Safe Entry at LH breakout (DOW)
- Fib golden zone
- Bullish divergence
Here are the recommended trading levels:
Entry Level(Buy Stop): 351.00
Stop Loss Level: 319.53
Take Profit Level 1: 382.47
Take Profit Level 2: Open
Home Depot Set to Report Q2 Earnings Today: What to ExpectHome Depot (NYSE: NYSE:HD ), the largest home improvement retailer in the U.S., is set to report its Q2 2024 earnings on Tuesday, with analysts projecting slight declines in revenue and profit compared to the same period last year. With inflation impacting consumer spending, particularly on big-ticket home improvement projects, Home Depot (NYSE: NYSE:HD )is expected to see a modest dip in its financial performance. However, there are several key factors that investors should watch closely, which could influence the company's future outlook.
Earnings Expectations Amid Market Challenges
Analysts predict that Home Depot (NYSE: NYSE:HD ) will report $42.57 billion in revenue for the second quarter, a slight decrease from the $42.92 billion recorded in the same quarter of fiscal 2023. Similarly, net income is expected to fall to $4.48 billion, down from $4.66 billion a year ago. These declines reflect the broader economic environment, where inflation-weary consumers have cut back on discretionary spending, including home improvement projects.
Despite these challenges, Home Depot (NYSE: NYSE:HD ) has managed to maintain its position in the market. The company's ability to navigate a complex economic landscape, while still delivering solid financial results, underscores its resilience. However, the expected declines highlight the pressures that even industry giants face in the current environment.
SRS Distribution Acquisition
One of the most significant developments in Home Depot's recent history is its acquisition of SRS Distribution, a specialty distributor serving professional contractors in sectors such as roofing and pool markets. The $18.25 billion deal, which closed in June, is seen as a strategic move to bolster Home Depot's market share among professional contractors. This segment of the market is particularly important as big-ticket consumer spending slows.
By integrating SRS Distribution into its existing operations, Home Depot (NYSE: NYSE:HD ) aims to enhance its Pro sales ecosystem, providing a broader range of services to contractors. This acquisition not only increases Home Depot's market share but also positions the company to better weather the current economic challenges by focusing on a segment less affected by consumer spending fluctuations.
Technical Outlook
Home Depot stock (NYSE: NYSE:HD ) has exhibited mixed signals leading up to its Q2 earnings report. At the present time, it is trading at approximately $345.64 as of Monday, situating the stock below its five-, 20-, and 50-day exponential moving averages, indicating a strongly bearish trend. Nonetheless, indications of potential recovery have emerged. Notably, the stock price has exceeded both the 50-day SMA of $347.69 and the 200-day SMA of $344.19, signifying some underlying bullish potential. The stock has risen by 2.13% in Tuesday's premarket trading, marking a fresh start.
The Relative Strength Index (RSI) closed at 44.58 on Monday, signifying a sign of recovery.
Technical indicators, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), also suggest potential stabilization or recovery. The MACD indicator at 0.05 signals a buy, while the RSI of 44.53 indicates oversold stock. Additionally, the Bollinger Bands depict substantial buying pressure near the lower band, further reinforcing the potential for recovery.
Analysts' Outlook: Potential for Upside
Despite the current bearish trends, analysts remain cautiously optimistic about Home Depot's future. The consensus analyst rating on Home Depot stock stands at a Buy, with an average price target of $377.56, implying an 11.02% upside potential. Recent ratings from firms like Telsey Advisory Group, JP Morgan, and Truist Securities support this view, suggesting that Home Depot could see its stock price rise to around $385.33.
Conclusion
As Home Depot (NYSE: NYSE:HD ) prepares to release its Q2 2024 earnings, the company faces a challenging market environment characterized by inflation and reduced consumer spending. However, its strategic acquisition of SRS Distribution and focus on the professional contractor market provide a solid foundation for future growth. While the stock currently shows mixed signals, analysts believe there is potential for an upside, making Home Depot a company to watch closely in the coming months. Investors should pay attention to the earnings report and any guidance provided, as these will offer valuable insights into how Home Depot (NYSE: NYSE:HD ) plans to navigate the rest of the fiscal year.
Stock Earnings Watch: August 12th - 13thInvestors, mark your calendars! A few notable companies are set to report their quarterly results on Monday and Tuesday. Let’s take a closer look at what’s expected:
Monday, August 12th
Rumble (RUM 📹)
The video-sharing platform is expected to post an EPS of -0.15 and revenue of 19.69M. With a beat rate of 42%, investors will be watching closely to see if Rumble can outperform expectations. Last year, they reported an EPS of -0.15 and revenue of 24.97M.
TeraWulf (WULF 🐺)
TeraWulf, involved in cryptocurrency mining, is set to announce an EPS of -0.01 and revenue of 35.43M. The company has a beat rate of 40%, so it will be interesting to see if they can manage a surprise. Last year, they posted an EPS of -0.08 and revenue of 15.45M.
Tuesday, August 13th
Home Depot (HD 🏡)
The home improvement giant is anticipated to report an EPS of 4.50 and revenue of 43.37B. With a stellar beat rate of 95%, will Home Depot continue to deliver strong results? Last year, they reported an EPS of 4.65 and revenue of 42.91B.
🔍 As these companies reveal their financial health, it's crucial to pay attention not just to the numbers but to the broader implications for their industries and the economy as a whole. Stay tuned and keep your portfolios ready for any market-moving surprises!
#EarningsSeason #StockMarket #InvestmentInsights
$SPY 8/12 - 8/16- Massive panic sell off last week and a quick quick recovery BUT we are still overall red for the month
- If price makes higher highs above $534 lvls we most likely will keep pushing higher so we will look for calls
- IF price rejects and starts to make lower lows as well as retest previous demand zones then we should look for puts
- KEEP IN MIND there is PPI 8/13, CPI 8/14, and Retail sales + Unemployment 8/15
- Earnings for Retail Companies are next week as well so keep an eye on NYSE:HD , NYSE:WMT , NYSE:BABA for any major moves
The Home Depot Stock Embarks on Seasonal Bullish TrendThe Home Depot Inc. (HD) stock is entering a seasonal uptrend following the formation of a potential head and shoulders pattern at its recent bottom. This technical formation, often indicative of a reversal, has paved the way for a new bullish impulse, with the current price standing at $359.77.
Our analysis suggests a promising opportunity for a long position as the stock embarks on this upward trajectory. The bullish sentiment is further reinforced by the seasonal patterns historically observed in Home Depot's stock performance during this period. With this backdrop, we are closely monitoring the price action for a retest of the previous demand area at $354.13.
This demand area, which previously provided substantial support, is a critical level to watch. A successful retest and bounce from this zone would validate our bullish outlook and provide a favorable entry point for a long position. The target for this move extends through to September, aligning with the typical seasonal strength observed in Home Depot's stock.
The head and shoulders pattern observed at the bottom is a classic reversal signal, suggesting that the prior downtrend has likely concluded, and a new uptrend is underway. The recent bullish impulse from this pattern adds credence to the potential for continued upward movement.
Investors should consider the broader market environment and Home Depot’s fundamental strengths. As a leading retailer in the home improvement sector, Home Depot benefits from strong consumer demand, especially during the summer months when home improvement projects typically increase. Additionally, any positive economic indicators or consumer confidence data could further bolster the stock’s performance.
In conclusion, with Home Depot stock currently priced at $359.77 and showing signs of a seasonal bullish trend, we are preparing to open a long position on a retest of the $354.13 demand area. This strategy aims to capitalize on the anticipated bullish momentum through September, supported by the head and shoulders reversal pattern and historical seasonal trends. Investors should remain vigilant, keeping an eye on key support and resistance levels to make informed trading decisions.
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HD, New long term base created, expect NEW PRICE GROWTH!NEW BASE created for new GROWTH.
With a company like HD with solid fundamentals -- this should be a no brainer be part of your portfolio.
KEY NOTES: MONTHLY DATA
HIGHER Lows on monthly data:
Double bottom rebound.
78.6 FIB level touch (bargain), currently bouncing off with precision.
Monthly descending trendline BREAK. Huge hint.
Massive net buying volume at current range.
Spotted at 310.
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*Something to factor in as well
Last earning calls May 2023
EARNINGS: 3.82
REVENUE : 37.25
Upcoming earning calls (expected) August 2023
EARNINGS: 4.44
REVENUE : 42.2
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TAYOR.
Safeguard capital always.
Home Depot DivergenceHome Depot is a stock that loves bull and bear divergences in technical terms. There have been 3 bullish divergences since 2022, all of which have brought an average return of around 25%. The last divergence is now in place and a potential 25% return would push the stock over $400.
Home Depot Posted First-Quarter Earnings That Beat Expectations Home Depot ( NYSE:HD ) reported disappointing first-quarter earnings and revenue that missed Wall Street's expectations. The company is experiencing customers deferring major home projects due to high interest rates, which has led to a focus on building its business with professionals, including through its acquisition of SRS Distribution. The company expects total sales to grow about 1% in fiscal 2024, including an additional week from the prior year. However, it anticipates comparable sales, which take out the impact of store openings and closures, to decline about 1%, excluding that additional week.
Home Depot's Chief Financial Officer Richard McPhail said customers are in a waiting game that began in the second half of last year, as they responded to mortgage rates climbing. He said the company anticipated those trends would continue. "The home improvement customer is extremely healthy from a financial perspective," he said. "What they tell us is they're just simply deferring these projects as given higher rates, it just doesn't seem the right moment to execute."
Home Depot's sales for the three months that ended April 28 compared with what Wall Street expected, based on a survey of analysts by LSEG:
Earnings per share: $3.63 vs. $3.60 expected. Revenue: $36.42 billion vs. $36.66 billion expected. Net income for the fiscal first quarter decreased to $3.6 billion, or $3.63 per share, from $3.87 billion, or $3.82 per share, in the year-ago period. Net sales fell 2.3% from $37.26 billion. Comparable sales dropped 2.8% in the fiscal first quarter across the business and declined 3.2% in the U.S.
Home Depot ( NYSE:HD ) has seen sales moderate after more than two years of explosive demand during the COVID-19 pandemic. The company posted its worst revenue miss in nearly two decades and cut its forecast in the year-ago first quarter. Home Depot's sales totaled $152.7 billion in the fiscal year that ended in late January, a drop of 3% year over year.
Inflation may also be playing a role in that pullback, as consumers spend more money on essentials and have to make trade-offs when spending discretionary income. However, McPhail said Home Depot is not seeing customers trade down to cheaper items, like less expensive power tools or appliances. He pinned the company's softer sales in large part on consumers' "deferral mindset" and a housing market that has slowed dramatically.
To overcome slower sales, Home Depot ( NYSE:HD ) has revved up its strategy to attract pros, since they tend to buy larger quantities and offer a steadier source of sales. In March, Home Depot announced that it would acquire SRS Distribution, a Texas-based specialty distributor of roofing, landscaping, and pool supplies, for $18.25 billion in the largest acquisition in the company's history.
Along with wooing pros, Home Depot ( NYSE:HD ) is poised to drive growth by opening about a dozen new stores this fiscal year and adding features to improve its online and in-store experience. Shares of Home Depot closed Monday at $340.96. So far this year, Home Depot's shares have fallen about 2% compared with the roughly 9% gains of the S&P 500.
HD The Home Depot Options Ahead of EarningsIf you haven`t sold HD before the previous earnings:
Then analyzing the options chain and the chart patterns of HD The Home Depot prior to the earnings report this week,
I would consider purchasing the 350usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $5.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
HOME DEPOT Buy opportunity on the 1D MA200.Home Depot (HD) gave us last time (October 09 2023, see chart below) an excellent buy opportunity that quickly hit our 326.50 Target:
The Bullish momentum was so strong that it broke above the Triangle pattern and gave way to the emergence of a Channel Up. The recent 30 day correction since the March 21 High, can be technically seen as the new Bearish Leg of the Channel Up.
With the 1D MACD about to make a Bullish Cross, which has historically been an early buy signal for HD, we have the best buy opportunity at hand since October 27 2023, even though the downside can easily extend as low as 322.00 (-18.80% from the top).
This is good enough for us to buy and target initially the 1.236 Fibonacci extension at $415.00.
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Home Depot: Almost There! 🏁We expect that the Home Depot stock will drop further until the current wave (B) concludes in our Target Zone (coordinates: $321.10 – $288.12). After the low is settled, we reckon with a bullish trend reversal, which is why our Zone presents an opportunity to take on long positions. It should be noted that it is also 29% likely for the low of wave alt.(B) to be already in place. In this case, our Zone would not be reached after all, and this alternative scenario will be confirmed if the resistance at $364.45 is exceeded prematurely.
NAIL a homebuilding leveraged ETF rising from support LONGNAIL on a 14 minute chart tested the support at the rising trendline confluent with the mean
anchored VWAP and has bounced and crossed over the latter. Relative strength lines are
crossing over the 50 level and the relative volume is showing a gradual rise. This is the
beginning of homebuilding season after all. Mortgage rates might be getting a cut. I will take
a long trade here expecting a swing trade for a few months. Targets are on the chart. They
are based on the resistance rising trendline as well as the upper VWAP bands.
RH appears ready to rise from its base LONGRestoration Hardware on the weekly chart rose from COVID and then retraced for almost
two years. It appears now ready to experience some investor and trader interest once again.
It is rising from the POC line of its long term volume profile. The trend strength indicator just
inflected and curled upward. I like to catch trends early to get as much of a move as
possible and before the chasing begins. This is a possible megacap short squeeze set up.
Targets are 380 and 480 as horizontal levels of importance.
Home Depot Will Open Four New Distribution CentersHome Depot ( NYSE:HD ) said Thursday it will open four new distribution centers as it drives more sales from remodelers, contractors and other home professionals.
The new distribution centers are expected to open in the first half of the year in Detroit, Los Angeles, San Antonio and Toronto. They make room for the bulky size, wider variety and larger orders of products that pros need, such as lumber, shingles and insulation, which then can be delivered directly to a job site.
Each facility averages approximately 500,000 square feet — about five times the size of the average Home Depot store.
Home Depot ( NYSE:HD ) has opened 14 similar distribution hubs to serve pros in major metropolitan areas, starting with the first that it opened in Dallas in 2020.
Home Depot ( NYSE:HD ) draws roughly half of its total sales from pros and the other half from do-it-yourself customers, such as homeowners tackling a painting project.
Home Depot’s sales declined by 3% in the last fiscal year as customers took on fewer projects after the pandemic. The company said it expects total sales to grow about 1% this fiscal year, including the lift from an additional week. It anticipates comparable sales, which take out the impact of store openings and closures, to fall about 1%, not including the extra week.
Beating those lackluster expectations could depend on pro customers, who are usually steadier and bigger spenders compared with DIY customers, said Chip Devine, Home Depot’s senior vice president of outside sales, who oversees the company’s pro business. They also need more specialized salespeople and services, which means they’re less likely to jump between retailers or switch to a competitor.
Home Depot ( NYSE:HD ) have made fewer discretionary purchases and tackled smaller home projects in recent quarters. Big-ticket transactions, or those with a price tag of more than $1,000, fell by nearly 7% in the fourth quarter compared with the year-ago period, the company said on its earnings call last month.
Home Depot ( NYSE:HD ) is poised to change other aspects of its business to support pros who handle complex and pricey projects. It is piloting a program that offers trade credit to pros, which means that Home Depot underwrites a large order and does not charge the pro customer until it is delivered — a standard that’s common in the industry, Devine said.
Home Depot ( NYSE:HD ) also expanded its dedicated sales force for pros. And it has added digital and personalized features for pros, such as tools that help manage complicated orders and a loyalty program that offers perks.
Home Depot Faces Uphill Battle Amidst Weak 2024 ForecastHome Depot ( NYSE:HD ) finds itself navigating rough waters. The retail giant recently delivered a sobering forecast for 2024, projecting results below analysts' expectations. As demand for home remodeling fails to pick up steam, Home Depot ( NYSE:HD ) braces for a year of sluggish growth and intensified pressure on its bottom line.
Unveiling the Forecast:
Home Depot's ( NYSE:HD ) announcement sent ripples through the financial markets, with its shares plummeting over 2% in premarket trading. The company's cautious outlook stems from lackluster demand, particularly in discretionary categories like flooring, kitchen, and furniture. Despite resilience in key segments such as plumbing and hardware, overall foot traffic witnessed a decline in the fourth quarter, signaling a broader trend of subdued consumer sentiment.
Market Expectations vs. Reality:
Analysts had pinned hopes on Home Depot's ( NYSE:HD ) swift return to growth, but the company's guidance fell short of those expectations. With comparable sales projected to decline approximately 1% for 2024, the market grapples with the reality of a prolonged period of stagnation. Transactions at the retail giant dipped for the eleventh consecutive quarter, underscoring the depth of the challenges it faces in reviving momentum.
Economic Headwinds and Consumer Behavior:
The macroeconomic backdrop, characterized by elevated food prices and borrowing costs, casts a shadow over consumer spending patterns. Homeowners, grappling with inflationary pressures, are prioritizing repair and maintenance over large-scale renovations. This shift in consumer behavior has left Home Depot vulnerable, as it grapples with tepid demand and narrowing profit margins.
Analyst Insights and Industry Outlook:
Jonathan Reid, a director at Fitch Ratings specializing in retail and consumer goods, notes the disparity between market expectations and Home Depot's guidance. While the home improvement industry anticipates a recovery in the latter half of the year, analysts remain cautious about the company's near-term prospects. With 2024 per-share earnings forecasted to grow a modest 1%, compared to analysts' projections of 3.62%, Home Depot faces mounting pressure to adapt to evolving market dynamics.
Navigating the Challenges:
Despite the grim forecast, Home Depot ( NYSE:HD ) isn't without its silver linings. Tighter cost controls and easing supply chain expenses helped the company surpass earnings estimates for the fourth quarter. However, these mitigating factors may not be sufficient to offset the broader challenges posed by subdued consumer demand and economic uncertainty.
Conclusion:
As Home Depot ( NYSE:HD ) charts its course through hard times, the road ahead remains fraught with challenges. The company's weak 2024 forecast serves as a stark reminder of the volatile nature of retail markets and the imperative for adaptability in the face of adversity. How Home Depot ( NYSE:HD ) responds to these challenges will undoubtedly shape its trajectory in the months to come, as it seeks to navigate the complexities of a rapidly evolving economic landscape.
$LOW Consolidation PennantNYSE:LOW has been on a tear since its Oct 27 low. The volume of buying during December 13, 14 and 15th is amazing. We now have a nice 8-day consolidation going that has formed a bullish pennant. In addition, today is shaping up to be an inside day. I do not know which way this will break but I did put on a one-third size position today with a stop just below the Dec 20th low. I will look to add to my position should it break to the upside. All TBD.
See the chart for other essential information.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
HOME DEPOT Close to start forming the long-term bottom.Home Depot (HD) is near the Higher Lows trend-line of the 12-month Triangle pattern. Even though it's already on an excellent buy level, the distinc characteristic of the previous two bottoms has been an inner Higher Lows formation. That was the final Low before rising and never seeing such low levels again.
On top of that, the 1D RSI is remarkably oversold (even touched 20.00 at some point), so we already have a bullish opportunity at hand. Our target is the 0.786 Fibonacci level at 326.50.
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HD, Crucial, Two Formations Setup the BEARISH BREAKOUTs!Hello There!
Welcome to my new analysis about HD on several timeframe perspectives. As the whole stock market is moving into a decisive phase where more and more mixed sector stock developments emerge with many sector stocks to increase a bearish possibility while others still remain in a major bullish condition it is highly necessary to consider those stocks that have main bearish potential in a total-return approach to also profit when the stock price is declining. In this case I have spotted HD, a major potential short-side-candidate when considering the total-return approach in the current stock market.
As when looking at my chart now, the most important indication for HD is that it is forming two major bearish formations that are going to double the effect of bearish acceleration to the downside once they have been completed. The first bearish formation HD is forming is this gigantic head-and-shoulder-formation which is already in the final stages of completion as the right shoulder is about to be finalized. The second bearish formation HD is forming is the crucial bear-flag-formation forming simultaneously with the right shoulder and is also going to accelerate the bearishness hugely once a breakout has shown up.
Both bearish formations HD is forming here are pointing into the crucial bearish resistance-cluster into which HD is now moving, this means that there is an enormous high possibility for a massive pullback and bearish continuation towards the downside as HD is already attempting to do so there are not much confirmation signals remaining till the total bearish breakdowns. In this case it will be especially important on how HD actually moves below the two main EMAs here, with the first EMA being the 65-EMA marked in red, and the second EMA being the 200-EMA in blue. Once HD broke out below the 200-EMA in blue as well as the lower boundary and neckline of the gigantic head-shoulder-formation this is going to setup the bearish-continuation and bearish-acceleration to activate the target-zones.
Currently all indications point to the massive bearish continuation and acceleration to setup in the next times. Especially, when other major sector stocks turn bearishly to the downside this can have an acceleration effect on HD also. Once the formations have been completed it is going to activate the target-zones as seen in my chart between the 177.5 and 185 level. In this case HD will show how much it is going to increase the bearishness once it approaches these levels because if there is an extremely high bearishness there is also the possibility that HD just breaks down with exponential high bearish pressure below these levels and even does not attempt to form a reversal in this zone.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP