Get started

HD

DOW JONES OVERVIEW: HD HOLDS MACRO UPTRENDOn long term basis, Home depot holds uptrend - price is trading above 1st standard deviations from 5- and 10-year means. On short term basis, price is trading laterally - it is trading within 1st standard deviations from both 1-year and quarterly moving averages. Moreover, current short term lateral range is outlined by the 1st standard deviations from quarterly mean (111-118) Thus investors willing to take positions with the macro trend should look for pullbacks to the lower border of the short term lateral range
NYSE:HD
by Killy_Mel
May have more upside potential, but it could be limited$HD is showing strength in a consolidating market and making its third attempt to break the 118$ resistance zone. Right now, 118$ is a strong resistance that may hold and send the stock back down to test the bottom of the rising channel you see in the chart. If $HD breakout attempt will be successful and the price will close above 118$, it may rally towards its broken uptrend line, there the price will meet a very interesting sell zone that I intend to monitor closely towards earnings (coming in two weeks). The zone 121-123$ is a potential sell zone with bearish Butterfly completion and Fib extensions confluence range. The initial target zone for this bearish scenario is 118$ (current resistance that should become support in that scenario). My secondary target, should the price close back below 117$, would be the daily 200 SMA line, near 110$ If you like this content and you want to subscribe to my free weekly newsletter, please fill your details here: goo.gl
NYSE:HDShort
by themarketzone