HDD trade ideas
Go long HD on test of 164.75I'm not predicting HD gets to the untested support level of 164.75, but upon the FIRST touch of 164.75, enter a long position.
Untested support levels create a pop up to the nearest level of consolidation.
Target: anything close to the consolidation around 172
Stop: Right under the area of wicks under your entry, so around 162ish
Go long on HD on first touch of 180Home Depot has an untested support level at 180 back from April 2018.
Setup:
If (and only if) HD gets down to 180, enter a long position on first touch of the 180 support level.
Stop:
Anywhere below 180 is fine, just don't go too tight. Maybe 178ish.
Target:
First target will be around 190 for an exit or at least profit-taking, which is the first area of consolidation and untested resistance levels.
A riskier target will be up in the 203 range where there's more congestion and untested levels.
Law of gravity - things eventually need to come down..Home Depot reached an all time high last night after months and months of climbing.
This was a beautiful sign for traders to take short positions and bring the stock back to correction.
Today at its opening, it dropped 2%.
Entry: $212.3
Exit: $209
Return: 1.5%
Home depot trade ideaAnalisa
Technical view:
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HOME DEPOT
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+ UPTREND masih valid
+ Harga pullback ke inner trendline
+ Trend daily ialah uptrend
Highlights
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Home Depot Posts Strong Earnings, Raises Its 2018 Guidance
Market Realist•August 14, 2018
Trade idea:
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BUY zone 180-183
Take profit 1 @ 210.00
Trail profit if price break out all time high.
Risk 2%
