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.
Hdlong
Home Depot dips continue to attract.Home Depot Inc - 30d expiry - We look to Buy at 312.12 (stop at 298.22)
The stock is currently outperforming in its sector.
This stock has seen good sales growth.
Bespoke support is located at 312. 307 has been pivotal.
The primary trend remains bullish.
We look to buy dips.
Our profit targets will be 346.86 and 349.86
Resistance: 324 / 330 / 335
Support: 312 / 307 / 300
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HD - STOCKS - 18. OCT. 2021Welcome to our Weekly V2-Trade Setup ( HD ) !
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4 HOUR
Expecting more bullish pa.
DAILY
Looking for more upside pressure.
WEEKLY
Nice technical setup.
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STOCK SETUP
BUY HD
ENTRY LEVEL @ 353.15
SL @ 332.35
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN