Cyber Monday saleUp to 70% OFF
THE HOME DEPOT INCTHE HOME DEPOT INCTHE HOME DEPOT INC

THE HOME DEPOT INC

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

HD trade ideas

HD: Still in an uptrend, but large correction loomingI know this sounds crazy, but I have been eyeballing HD for potential Short for a bit. Home Depot is a leading indicator that the economy or housing market is taking a turn. If we see the economy and housing market pull back near the end of 2020 as many predict, we could see a correction all the way down to its larger, ascending support, all the way down to the $180-185 range. Here's how it may turn out... forgive my cool arrow art. We are currently in a short term uptrend, howver, the current support line has broken through. This could simply be a throw under as we have bullish divergence on the daily and the FIBs show a nice rebound zone here. I think we may see home depot pop back up again temporarliy. However, if we do not establish a higher high, or hit the same high as before and start a double top pattern, we could be in for a ride down to the major support line.
NYSE:HD
by infbp22
HD Long PositionPotential long entry for HD is in the works. The stock has seen a recent drop due to the latest earnings report. After losing ~10% due to the negative market reaction, there may be an opportunity to go long. I've taken note of the following: - Approaching 200MA which can serve as support - Chart is currently along the lower bollinger band - Stochastic indicator is under 20; if it curls upward over 20 this can be a bullish sign - RSI is oversold @ 30 I'll be keeping my eyes on this to see if there is a partial reversal in store
NYSE:HDLong
by GGfx
HD - bulls need to hold the lineI reviewed this chart the other day, I liked the volume and the trend line confirmation (3 touches). But with the v-rally selling off by about 50% I have my guard up. We're seeing continuously high volume here, higher than the previous visits to the trend-line. I'm not quite bearish here. But I wouldn't advise a swing entry until we revisit the trend line and prove we can hold it. We closed Friday near low of day, which leads me to believe we'll visit the trend-line either Monday or Tuesday. If we can hold that level I still like the risk reward. My line in the sand is a close below $216.88
NYSE:HD
by danbeaulieu