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HDI trade ideas

HD(Home Depot): All parabolic movements must come to an end What goes up, must come down. While this is not always true in this world, it's much more likely than not that a parabolic movement will eventually see a sharp, then lengthy, dwindling correction before it continues upward. This may seem like a crazy chart, but there are some unavoidable signs that the housing market is slowing down. Some experts are now predicting we may see some recession in 2020. Home Depot is a leading indicator of the hosuing market dropping off. Looking at the facts, Home Depot has increased its value 1186% since the market crash in 2009. To assume there will be no correction for this parabolic move will be foolish. The question is, when, and at what price? I think we may be reaching a top, if we have not already around $219. RSI has been moving bearishly against the price action on the monthly chart and is now in a nuetral/bearish range for the first time in nearly a decade. As of now we are still producing higher highs, but we did show one lower low. I believe if the next upward movement doesn't show a higher high (above $219.30) we might be at the peak and ready for some correction. This could easily bring price all the way down to the .5 FIB of its parabolic movement, or around $118. Am I suggesting you short Home Depot? Only if you're crazy. I like doing something out of the box once in a while though, so I'm going to play a small bag just for the sake of technical analysis.
NYSE:HDShort
by infbp22
Daily HD forecast timing analysis by Supply-Demand strength21-Jun Stock investing strategies Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk Supply-Demand(S&D) strength Trend Analysis: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations. Today's S&D strength Flow: Supply-Demand strength has changed from a strong buying flow to a suddenly strengthening selling flow. View a Forecast Candlestick Chart Analysis of 10 days in the future: www.pretiming.com (You can easily create a trading plan.) D+1 Candlestick Color forecast: GREEN Candlestick %D+1 Range forecast: 0.3% (HIGH) ~ -0.5% (LOW), 0.1% (CLOSE) %AVG in case of rising: 1.3% (HIGH) ~ -0.5% (LOW), 1.0% (CLOSE) %AVG in case of falling: 0.6% (HIGH) ~ -1.1% (LOW), -0.4% (CLOSE) Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
NYSE:HDLong
by pretiming
Home Depot: Domestic Consumer Retail EarningsI don't usually play earnings roulette, but I was willing to with HD. They're a US domestic consumer goods retailer, and they're going to be the recipient of goods more favorably prices for domestic consumption than international trade. The technicals look good, they've been growing earnings consistently, and membership on the DOW30 does favor them for having a solid and reproducible formula for success. Also, this could go completely the other direction, but they're so large that it's going to drive tomorrow's market direction overall whichever way it goes.
NYSE:HDLong
by chuckination
$HD BEARISH PERSPECTIVE GOING INTO EARNINGS.We must have a look at the Bearish perspective on HD as we go into the much anticipated retailers earnings reports this week. Spring is like christmas to Home Depot, home improvements , and in particular planting season for gardener, this year however, mother nature has not been kind which will have a impact on earnings. Secondly, longer term is it possible the end is in sight for this economic cycle, house prices have started to stagnate and HD is very much dependant on continued homes sales . Home depot is also very highly leveraged with debt, which has been overlooked as growth and revenues have increased, this will be to the forefront if growth stalls. From a charting perspective, things to consider= We could still be in correction and entering into the C wave RSI uptrend has broken since early may B Bands signal downside risk 7/12/26 mas all negative. Possibility of a major H&S forming from Jan 18
NYSE:HD
by RedHotStocks