50DMA bounceThere's a clear uptrend on the weekly chart although I don't think we will be resuming it just yet without further consolidation in the short term. Open 2 positions for the two main targets. Move stops to protect positions once price has cleared them. Good luck!Longby HexVex223
Home Depot - Slowly trending higherA glance at the weekly chart and one thing is obvious. When HD starts trending, it usually lasts for a long time. As highlighted on the daily chart, there is a very long consolidation that took place in 2014. This should provide thrust for further gains. On the daily chart, the Force Index is oversold, and we have a corrective double bottom which, for a stock that moves slowly like HD, is a perfect entry signal. The impulse is still red, but on Friday we have a bullish engulfing candle. Price will probably gap higher on the open, turning the impulse from red to blue.Longby vlad.adrian3
HD will bounce from green boxwait PAYtiently to bounce off from green box to set up a bullish tradeLongby orcun0
HD - Intra- Day Double Top & Wedge break (Daily)1-25 HD- See my post from 1-9-15 Check hourly ! Nice double top forming- Intraday entry close below 105.12 or on the retest- stop 106.24 Targets 103.598 intraday / swing target 2 100.38 If HD closes below 100.00 could be a nice bearish trade Earnings 2-24 If HD GAPS UP OR TRADES 106.99 More bullish than bearisishShortby Dan.Walsh.Loves.Lous.Sushi.Dow0
HD- - Rising wedge - looking for bearish break1-9 -15 New trade - 14 days ago I posted the previous chart stating if HD closes above 104 (it may hit bullish targets ) , but look out for a pullback becuase of the ascending wedge. HD traded to the top of the wedge and has given a bearish engulfing on 1/9 . If market continues bearish there could be a nice trade devloping if HD trades below 100.36 Target 96.28 and 87.86. There may be a trade within the wedge but I'm waiting for a close below 100.36 or looking for a bounce bullish above 100.36. Shortby Dan.Walsh.Loves.Lous.Sushi.Dow1
HD The Home Depot getting a trimmer for ChristmasTaking a little off the top at the psychological level of $100 with excess supply, lo demand, distribution & pro active selling signals. High average trade size today indicates trading desks were active. I didn't check LOW yet as it is not a holding. Just managing risk and will use an option strategy also. Targets noted. This may play out in January. Time to be a boy scout (be prepared).Shortby kilo1romeo112
Home Depot - Bearish divergence and no demand barHome depot seemed like a good sell two weeks ago. Now it's even a better sell. Explanations on chart. I have not decided yet if I am going to take this trade.Shortby vlad.adrian227
Bullish Triangle or trend line breakdown? Interesting setup in $HD after strong rally that the stock had in recent weeks. We saw double top pattern at 93$ resistance zone and yesterday the stock broke below minor support level (now resistance) that held it for almost a week. As long as $HD below 92$ (the minor resistance) we may see the stock attempting to break below the uptrend line shown in the chart. The other scenario is that we are looking at bullish Triangle here and a breakout above 93$ could lead this stock all the way up towards 100$. If we look at volume, we see increase in volume on the down days - Bearish sign. Monitor that trend line - Breakdown could lead to gap closure. Price action - We see two reversal patterns in 93$ - PinBar and Outside Bar. Read my newest article at the MarketZone website about Price Action: www.themarketzone.net by themarketzone2
Home Depot - Double topThe weekly chart doesn't really say anything to me The daily has a double top, with divergence on the MACD lines, histogram and Force Index. I target 89$ and if that breaks, I would look to 83, where we had a lot of consolidation and usually areas like this get tested.Shortby vlad.adrian3
New chart patternBased on the current uptrend channel, does it mean that the resistance sits at 90.0 or there is slightly more room for yet another channel top? MACD & RSI have issued 1st cut warning. It looks like a pistol or loudhailer chart pattern to me, something newby jangseohee220
HOME DEPOT SHORTHome Depot is on my watch-list for a short. With recent weakness in consumer discretionary and warnings from the CEO of Walmart and other earnings misses such as lumber liquidators I see weakness in this sector. .Big money is already selling ahead of earnings. I will wait for my setup. Will need two red bars below the 0 line on the Awesome Oscillator and I will short at the bottom of the price bar. The weekly chart is also very close for me to going short as well. At earnings I will be watching the forward guidance on this huge big box retailerShortby paulyberndt2
Home Dept. Natural disasters go-toHurric Arthur towards North Carolina expected decline Past: Hurricane Sandy @ east coast by coopfx0