HD - Great stock with high dividends! Buy and thank me laterWe have a clean 5 wave impulsive move from the March 2020 low to August, followed by a clean 3 waves correction .
Classic chartist among you can see a clean Bull Flag .
I will maintain my bullish outlook as long as price doesn't close below 247!
Trade it according to your own methodology.
Personaly I'm already positioned and will look to add a bit on a pullback and once price breaks above the channel.
My targets are 325 at first, followed by 380 and 500 next but it will probably take some time before reaching that level.
Anyhow, Risk/Reward is a good 1/2.5 if buying now and going for the first target only, so I see no reason not to look to buy this stock.