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HDI trade ideas

HD - Testing Strategic Resistance Hello Traders ! First of all, this is not a professional analysis nor an advice of any kind. I’m only sharing my thoughts. This week, Home Depot is testing a strategic resistance level, represented by the yellow trendline, at around $314.90. This trendline hasn’t been broken since Sept ’18. If HD successfully closed above the trendline, then we will have to wait for the confirmation in the next week candle as it has to open and close above the trendline, then HD is bullish again. Otherwise, it might try to visit 38.2% Fibonacci retracement level at around $288, which happened to previously work as a resistance level in Aug and Oct of 2020, let’s see if it will act as a support as well. (If you find this beneficial, don’t forget to LIKE). Happy trading!
NYSE:HD
by MoeGH88
Short opportunity!I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue this. Stay tuned great live stream and quality content videos coming soon..! Option trading exposes you to a high risk of losing your capital, never invested in any idea more than what you can afford to lose(5%).
NYSE:HDShort
by Moshkelgosha
Short HD; you can do it, I can help.A couple of indicators are showing divergence for the past week or so, as HD has melted up choppily. It needs some relief and is being sustained by erstwhile investors scrambling for a safe investment in a volatile bond market when the banks can't be counted on to manage their risk. I'd suspect that this could continue a little bit, but within the next week or so as the market changes again this should take a pounding. Note the marked divergences and the weakness of the indicators after we passed the shaded area. Today might well be the double top we need to leg it down. The way I see it, the weak technical picture hides an interesting scenario; bond yields calm, money flows back into more conditional investments like tech (this will keep happening to a lesser extent everytime yields 'decline' and consolidate) and away from HD. Bond yields increase and the market panics. Bond yields stay the same and people go back to their riskier bets. In all scenarios HD and other builder, stocks decline in the interum. Perhaps they'll pickup before earnings but they need price discovery now.
NYSE:HDShort
by PreferredStonk
18
HD bearish back down to 290Looks to respect the channel Just gonna play a bearish put spread of some sort Broad market somewhat weak Options markets are wide in this stock and therefore suck, but i think it's worth the fight to get filled. I'm long the April 290 puts and will sell another strike against those before end of day to leg a debit spread of some sort... not sure what yet. Depends on whether I'm +\- by end of day because if it were to drop enough today i'll just take it off Worst case scenario it breaks above the channel in a dramatic way and I'll have to address that
NYSE:HDShort
by Tidal_0BX
$HD Breaking Out of Consolidation?$HD has been consolidating since August 2020. It's now testing the upper area of resistance. $HD reported earnings toward the end of Feb and the market sold it off (report summary below). I'll be watching this to clear and close above the green box of consolidation at which time I'll be looking for a low risk entry. Ideas, not investing / trading advice. From earningswhispers.com : Home Depot (HD) reported Quarter January 2021 earnings of $2.74 per share on revenue of $32.3 billion. The consensus earnings estimate was $2.63 per share on revenue of $30.5 billion. The Earnings Whisper number was $2.74 per share. Revenue grew 25.1% on a year-over-year basis.
NYSE:HDLong
by jaxdog
HD AT LONG TERM RESISTANCEAs you see on the chart, HD has been consistently following this support and resistance trend, as you see it has been extremely parabolic after earnings and with the recent price upgrades. With that being said, it is extremely oversold:/ Since its been follow this trend, I will be aggressively shorting HD on a break of support at 279.70. 1st PT: 269 2nd PT: 261 3rd PT: 255 If HD continues to run through resistance and breaks 284...this will be invalidated! Happy Trading!
NYSE:HDShort
by stockmankam
6