NCI Constructively forming handle base at 15.75 after 6-7w cupNCS
NCI is a near $2B business, which just merged with Ply Gem Corp. also $2B business forming larger construction and engineered products business
* Forming handle in likely break from Fibretrace 0.786 at $15.75 to $17.00 indicating break-out
* Drop to 14.10 not likely as relative strength and sales growth in construction and housing products after Hurricane Florence
* Fibretracement to 0.612 and 0.5 is 8 and 13% gain, however construction stocks grow on calender until Jan-Feb.
* Cup & handle formed once return to retrace 0.612 of $17.00 handle will be formed and NCS will jump to 18.75, 19.80 (+25%), 21.55 or 23 range nearing 52w high (23.35) based on typical resistance zones.
* Hurricane Florence will inpact Q3-4 sales. August earnings were 0.07 suprise at 0.54 from 0.47 expectations.
* No dividend and slight selling with insiders. Looking for 20% target here with handle form, and 25% entry now.
HD LOW
HD
Home Depot BreakoutHome Depot might break out if it makes it past the first yellow line. It will easily breakout to $203 if it passes the second yellow line***. I'm banking on HD making it to $225 within a month.
These estimates based on the C&H, H&S, and Historic floor/ceiling.
Cup & Handle VS Head & ShouldersDefinitely Head and Shoulders. I'm super new at this, if you see a way I can improve my chart please comment.
The stock will likely hit support levels from APR to MAY.
Home Depot (HD) BullishI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.
I am calling Home Depot (HD) Bullish. I know this chart may seem cluttered, but there are several bullish indicators I see so please bear with me....or bull with me...or...never mind. Anyway, let's first look at the solid purple line. That is an Up Trending Support line. I have marked different places with green arrows and numbered them. If you look at green arrows number one and two along the purple Support line, and then find their corresponding numbered arrows above (look more toward the middle of the chart) there is a fifteen dollar ish ($15 ish) increase when it bounces off the purple support. Using that as a historic standard I have also drawn green arrow #3 at a bounce off purple support and a possible target for future Resistance, and drawn a purple dotted line to give a better target visual. However, it will need to clear the Resistance from January 26 & 29, 2018 (orange dotted line) to make it to that target.
That is the up trend. The Cup and Handle is another possibility showing bullish movement. The blue dotted line is the most recent edge of the Handle/Resistance (from June 12 & 13, 2018) which HD cleared today (07-19-18); or at least it has as of this publishing. Hopefully it doesn't disappoint. :) The orange solid line shows a previous Handle/Resistance which it cleared and continued up.
Other bullish signs can be called a possible Flag or Stair Stepping movement. That is just because it goes up, and then drops to Support, and then climbs again. The S&P 500 is still in a bullish recovery. See my previously published analysis on that for a visual example.
Any questions or further insight, let me know.
Home Depot Inverse Head and ShouldersTechnicals are looking good on this one.. NYSE:HD has room to run if the stock can bounce back to the $191.55 resistance. Stoch is nearing oversold territory and RSI is nearing a short-term trendline that should act as support. Volume dropping as the stock falls hints the bulls will soon come in, however, one must remember that high volume is not needed for a downtrend to continue.
I included a modified Modified Schiff Pitchfork and Fib retracement as HD has historically followed both quite closely.
Wait for a move to $191 or above before considering entry, I'd put a stop loss between $181 and $182.
$HD Home Depot C&H Breakout$HD Home Depot closed just above C&H resistance. Expecting follow through into the 2nd half of this week. See chart for medium term targets.
Note: Hurricane season has begun
Here's the signal I was waiting for on #HD #stocks #tradingNeat break of the falling wedge on #HD, more upside move to come! A retest of previous highs is likely.
Home Depot (HD)Seems overbought. Waiting for it to retrace back to support (181.00). Then watching to see if it falls below or moves sideways or bounces. Also, expecting it to come back to the 200 moving average and bounce at which point I would consider entering. At this point, I will make a buying decision.
THE WEEK AHEAD: HD, CSCO, TGT, BBY, WMT, GPS, AMAT EARNINGSWe have bevvy of retail earnings announcements next week as the full season tapers off:
HD announces earnings on Tuesday before market open with a background implied volatility of 23% (top quarter of 52-week range).
CSCO -- Wednesday before market open with a background of 27 (near 52-week high).
TGT -- Wednesday before market open, at 36 (top quarter of 52-week range).
BBY -- Thursday, before market open, at 53 (near 52-week high).
WMT -- Thursday, before market open, at 25 (near 52-week high).
GPS -- Thursday, after market close, at 44 (above middle, but below top quarter of 52-week range).
AMAT -- Thursday, after market close, at 41 (near 52-week high).
I generally prefer playing earnings where the background volatility exceeds 50%, and it's in the top-quarter of its 52-week range, implying that the best candidate for an earnings contraction play would be BBY with AMAT close behind/worth watching for an increase in implied volatility running into the announcement.
Broad-market exchange-traded fund-wise, there isn't much to play: the Brazilian exchange-traded fund continues to print implied volatility percentages at or above 30% (currently, 35-ish), followed by the petro exchange-traded fund, XOP (34).
For non-earnings individuals, TEVA (72/upper end of its 52-week range) continues to garner my attention, along with CTL (56), which -- post-earnings -- maintains high volatility.
The majors -- well, there isn't much to look at. IWM leads with a background implied of 16, which is basically tied with the QQQ's at 16. SPY comes in at a paltry 13 ... .
On the volatility product front, the first /VX future trading at or above 16 is out in May (184 DTE), meaning that a <90 DTE VIX Term Structure trade isn't in the offing for me. However, the VXST/VIX ratio finished Friday's session somewhat elevated (.92), so it's worth keeping an eye out for any >1.00 pops in which to consider Contango Drift trades, particularly as we wind into a rollover with VIX spot trading at 11.29 relative to the Nov contract's 11.60 (2 DTE).
HD HomeDepot - Will we bounce or see further pain aheadIs this a Home Depot ( HD ) opportunity or trap for further pain to the downside? We clearly see a past resistance around the current levels of $150 that could turn into future support and help us find buyers there, but breaking $150 would open the door to the $144 and even lower. But with a dividend yield of 2.36%, hey we might attract some buyers down at this levels. I will keep you posted, safe trading everyone!
#daytraderforlife
ABCD possible pattern on USD/CAD here's guys a new analysis! as we can see in the chart there's the chance of an abcd pattern, so in the next session of trading we expect an up trend move! stay tuned!
The Home Depot, IncIn 2016 shares of The Home Depot rose only 1.38%, while the Dow rose 13.41%. The company showed one of the worst growth results among the "blue chips". Due to the market expectations of growth of housing assets in the United States in 2017-2018 the company expects to exceed revenues of $ 100 billion in 2018.
Next month, the company will report in the fourth quarter, analysts predict that the growth of the rate of profit / share by 13.6% to $ 1.33.
Last week shares of The Home Depot showed a growth of 0.87% against the SP500 down 0.24%.
If the price is consolidated above 135.35, long positions can be opened with the targets at 136.10, 136.85 and 137.60. Stop-loss should be placed at the level of 134.60.
HD: Short the topWe have a good opportunity to take a short here, risk is $5.91 per share, so factor that in when sizing your trade. I'd reccomend 0.5% exposure here. Earning 1.1% per quarter, with a modest 3% free cash flow yield, valuation up here isn't good.
Good luck if shorting it.
Cheers,
Ivan Labrie.
Cautious buyI am very cautious this close to the top and thinking the economy will be heading much lower in the coming months BUT this is such a great company. They are very strong and going into a horrible storm season I think we will see some great profits. I won't be putting much into this being my outlook and it's close to the all time highs but it is a good buy non-the-less.
HD about to roll over HD forming a wedge pattern; reject on the top trend line, should fall and find support at the bottom trend line.
