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THE HOME DEPOT INCTHE HOME DEPOT INCTHE HOME DEPOT INC

THE HOME DEPOT INC

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HD trade ideas

HD 4 hr descending triangle NYSE:HD with a strong descending triangle pattern on the 4hr. I am looking for a breakout above the resistance trend line and using the previous 3 supply zones (where HD previously tested the downward trend) as points of TP/continuation confirmation. While I anticipate a bullish breakout, it should be noted that a breakdown below 260 on the demand base has significant room to the downside. I would be very surprised if we actually see a break below this demand, but could see us testing again before making a breakout push. If we do test the 260-265 demand again, there appears to be great value in playing a bullish bounce off 265.
NYSE:HDLong
by ProdigyOptions
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NYSE:HDShort
by IngenuityTrading
Home Depot - Potential for break outHome Depot is currently trading near its 21 day EMA. Bulls will need Home Depot will to push through the 21 day EMA resistance level to take the stock up to its recent high. Although we see a double bottom, which is known to be a bullish reversal pattern, please be aware that this chart can also be interpreted as seeing a simple price consolidation pattern, such as a wedge or triangle pattern. We will be monitoring Home Depot this week to see if it breaks above the 21 EMA.
NYSE:HDLong
by UnknownUnicorn6775423
1
IRON TARIHi guys, this is a new iron condor to set, 4 weeks with 10% strike So our short legs are @ 256 and @ 313 We have 80% probability of success, so a rew/risk 100-80/80= 20/80 = 0.25 Depending on the size you can trade, and the spread of the 2 verticals, we can reach a Rew/risk of about 0.37, that is 50% more than 0.25. The preminum is not that much, but we have a very high succesfull rate at our side, plus we can always roll on leg is the things go bad to lower our risk. Using a wider spread the odds increase more, because there is more room for the price to move before to reach the maximum loss, even if in this case we can always close the leg before expiration, to lower the loss. Enjoy your wallet! Tari.
NYSE:HD
by TARITRADE
Home Depot Inc (HD) - Sell on bounce Home Depot Inc (HD) it has completed impulse cycle upside as mentioned in previous updates. Now it is in correction mode, which might unfold in WXY complex correction as double zigzag may be. So wait for X wave to finish around 283 or little higher. Thereafter wait for impulse down cycle in 5 min time frame to confirm the start of Y wave down. Enter then only in trade with stops above X wave high for target zone around 248 or lower. The fall should be sharper expected.
NYSE:HD
by EWFcw
Home Depot pulls back to the 13 EMAHome Depot ( NYSE:HD ) is pulling back along with the Dow today and is finding support at the 13 Day EMA as shown on the chart above. Could this be a pullback trade? I would like to think so, but as the SPY soars to new highs, we continue to be in an overextended market. I think Home Depot has the potential to continue higher provided that the SPY or DOW doesn't sell off. Even though SPY is made up of many other companies that have nothing to do with Home Depot, there is still market risk (also known as beta risk, systematic risk, undiversifiable risk) which is the risk that the stock will move along with the broader market. I will continue to monitor Home Depot to see if today's idea was a bullish pullback trade.
NYSE:HDLong
by UnknownUnicorn6775423
5