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HOME34 trade ideas

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.
NYSE:HDShort
by Dan.Walsh.Loves.Lous.Sushi.Dow
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
NYSE:HD
by themarketzone
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 retailer
NYSE:HDShort
by paulyberndt