HDHome Depot , iterated to go long in the 330's. Now in the 400's. This one has been on a tear! Looks to be targeting 420 or so based off the fibs.
HOME34 trade ideas
Home Depot - Season spending starting ?Breaking Ascending Triangle with second Slow Turtle with ATOM buy triggered.
FiFT +ve indicating Strong Bull.
MCDX Banker % increases to 24%. Retailer remain insignificant.
Momentum is turning Upward.
BoD with Star triggered 7 Oct. May repeat BoD Star on 22 Jun
Risk :- Earning around the corner.
SL if price drop into triangle
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Breaks Trendline / Slow Turtle Sell
HD looking to continue moving to new highs?I last spoke about this around mid October as it was breaking out of from $342.15. Since then it rallied higher and then consolidated for 3 weeks. This consolidation also created a base on base pattern.
Now it's breaking out of the consolidation as earnings approach. The best part about this is that it was consolidating as the general market was in a small correction. This shows that there is institutional demand for HD and earnings may give another leg higher.
Trade Idea:
* Now's the perfect time to enter as the price is right above the broken resistance.
* Very favorable risk/reward ratio.
* If you're looking for a slight discount you can look for buying opportunities near the $366.48 area as that is the base of the tight range.
* Looking at the weekly chart this may continue to consolidate but with earnings coming up I can see this moving higher from here.
Bull flag in HD#HD has formed a nice bull flag, based on this pattern the targets are $400, $415, $450
You can go long over 376 with a stop loss at 365.
HD wait and seeHD side way but seems select up or down. Earning with ne annonce on tomorrow. Let's see.
HD Rectangle - Top or Next Leg?HD consolidating symmetrically at the highs, clear levels at 365 and 375.
Home Depot Flagging - Looks Ready to Break Out BigHome Depot ($HD) is flagging and looks ready to break out.
First target is looking to break above the flag and then to lift that past the next fib level of $375. If we can close above $375, there is room to $420.
HD Flag breakoutHD has a perfect setup for a bull flag breakout. I expect a huge move at open on Monday setting a new ATH around $380. Earnings is Tuesday though so I don't expect the gains to hold. This is a tricky earnings call because the DOW is usually very bullish thanksgiving week. Looking to scalp the 11/19 $377.50 calls at open. Might even turn it into a ghetto call credit spread if the risk to reward looks right.
HD earnings preview We're riding the wedge top here going into earnings which in my experience is always when they dump either before market hours or sell off at the open. Do you think inflation will Mess with Homedepot guidance? I think it will but let's see what happens.
Volume has been decreasing on the weekly here which shows that less people are willing to buy as the wedge narrows.
On the daily its showing a Bullish flag, or a possible double top . The bollinger bands have tightened too on the daily which let's me know which ever way it goes it's goingto go big in that direction.
I'm bearish here because of the weekly picture but the daily picture makes me think they might pop it up and sell off at the open.
Adobe showed this same picture going into its earnings (See link). after their earnings they sold of 20% in 2weeks
$HD still think there's downside...But got earnings coming up, so risky, but I think the risk/reward is to the downside
(9) HD 11/8 Bull FlagWatch as this bull flag forms, wait for it to touch the 20 EMA, then break above upper trend line. Watch volume patterns...
Price Target = $410-415 range (very extended "flagpole")
$HD needed on put...Might be wrong, but I wanted one put for the week. Grabbed a $360 same week, will hold for a few days
$HD short try....Looking to find a few names that could pull back over the next two weeks, Home Depot has earnings coming up, would think stay at home projects have pulled back and we pull back a bit. $350/$340 11/19 put at $1.00 could be a play...
HD to retest breakoutStrength in Dow Jones is keeping this from dumping full throttle but as you can see it's broken its trendline
MFI over bought
RSI curling
Cup and Handle Ascending TrianglePrice is above the bands set on 80 SMA. Very bullish and shows a ton of momentum. Closing in on Targets 1.
I get a bit nervous when price is over the top band set on 80 as price usually returns the bands. When price is over the top band, it is almost always overbought. Price can remain outside the top band and in overbought condition for a while in some cases with extreme momentum or a security may just ride the top band while slightly over the top band.
Targets 2 are long term and may or may not be met. My focus is on targets 1 as I do own this.
No recommendation.
Trying to reach for the stars here, but keeping my feet on the ground.
You can measure the wide end of a triangle at the side end and project it from the bottom trendline of a triangle to get a guesstimate of where price may go. Any triangle can break up or down. This one broke to the upside.
RSI is set on 80 verses 70.
HD breaking out!* Exceptional earnings year-over-year
* Very strong up trend
* Breaking out of a 5 month consolidation with slightly more volume than average
* Pays out dividends with a Payout Ratio of 44.10% which means the company has more room for growth and potentially increase dividends as well.
Trade Idea:
* You can enter now as indicated if you don't mind a little volatility
* Given that it only broke out with slightly higher than average volume, this may visit the 339 area before heading higher.
