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HOME34 trade ideas

Home Depot; Previous crash haven worth an analytical eyeDisclaimer This analyst has been curious on NYSE:HD for quite some time, especially considering the massive amount of growth over the last few years. This analyst keeps their investments in Home Depot limited to buying at Home Depot (except plumbing stuff which Lowes has better of), but the curiosity remains all the same. Looking at recent ownership changes among institutions here , we see the classic major shareholders, but among the top and most recent actions, are sells. Short interest is sitting around ~10 million shares in a massive float, yet the dividend ratio is still ~2%. This 2% is a magic number for companies as it is supposed to match a defined inflation rate and common gains rate. In previous crashes, Home Depot maintained stable price, likely to do a small investor base that was relatively happy staying stable. As capitalism hungers, Home Depot starts taking off post 2008 when the US went on a massive weaponization of debt leading to a historic period of hyperinflation of equities. I cannot recommend any investment on Home Depot, the fundamentals and mechanics unclear, investors philosophies unknown, no major patterns suggest themselves save for the steady impulse up, and where it ends is anyone's guess. Sometimes the best thing to do in a crash, is nothing. There are always stocks full of investors that are willing to carry the investment through term on the hopes of tomorrow. May we all find shelter in these equities soon.
NYSE:HD
by DoctorFaustus
Pull Back Fishing Cup & HandleFollowing some rules, as I have seen many, HD has negated a cup and handle pattern because price has fallen below the handle low and it is not below mid cup which is 322.04. The handle low is 316.61. There should be a lot of support between these 2 levels, as both mid cup and the handle low provide a form of support. The pull back at earnings may have made this a safer trade. The moving averages are in chronological order with the 20 on top, but the 20 is looking a bit droopy with price underneath it. The longer term SMAs are sloping up indicating for now, price is in good shape long term. Moving averages are lagging indicators compared with price, which is what is going on in the present. Negative volume is high showing smart money interest. Short interest is very low. I watched this fall out of the rising wedge on hourly yesterday, as there is also a rising wedge on hourly but this is a daily chart. It did not fall far and price recovered at 323.11. I am hoping it has corrected but could be shaky for a bit so long entry level can be paramount. No way to know for sure. No recommendation. When a wealthy trader with no experience meets a seasoned trader with experience, the rich trader walks away with the experience and the experienced trader walks away with the money.
NYSE:HD
by lauralea
3
Home Depot Analysis 18.08.2021Hello Traders, here is a full analysis for this asset. The entry will be taken only, if all rules of your trading plan are satisfied. Therefore I suggest you keep this pair on your watchlist and see if all of your rules are satisfied. Leave your thoughts in the comment section, I will reply to every single one of them. P.S. Tell me which asset you want me to break down next and I will cover it in my next analysis _____________________________________________________________________________________________________________________________________________________________________
NYSE:HD
by basictradingtv
HD Short Term WeaknessWeakness showing in HD. The resistance (in blue) is proving to be just that. The MACD has turned, showing just a bit of bearish divergence as well. A solid engulfing daily candle showed on Friday the 6th of Aug 2021, which led to a bearish pin bar setup. The 100 daily EMA has proven to be a zone to pay attention to over the past 10-15 years and will look for strength if price approaches. Slightly lower we can see where rough support is (pink). This area around the 100 daily EMA and pink support is where my T1 sits. If further break down occurs past the daily 100 EMA, then I'll look at the 200 daily EMA weekly, which has proven over the past two years to be a quality buying area.
NYSE:HDShort
by p3lonis