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4HD trade ideas

$HD bearish continuation? $HD slowly plunges since the beginning of this year. not much negatives news besides the overall supply chain issues and inflations. but the most reason why it took a dive is the short sellers. there's been high percentage of short seller since the beginning of this year making $HD to a bearish mode until now. but the percentage of short seller starts to fade about 21% since march. but we still don't know how many institution finish their shorts positions. In my opinion this is a good buying opportunity for long since its sitting in support line at 299.00 after its long rally. HD average move per day is $5.00-7.00 per day. Below is my ideal entry for day trading or scalp play. HD: Day trade or scalp target play: 04/19/22 Buy call above 303.36 sell at 305.20 or above. Buy puts below 297.19 sell at 295.17 or below. option open interest: ideal expiration date: 5/20/22 6/17/22 8/19/22 Hello everyone, welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions which stock I should analyze, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it if you smash that LIKE button and maybe consider following my channel. Thank you for stopping by and stay tune for more. My technical analysis is not to be regarded as investment advice. but for general informational proposes onlY
NYSE:HDLong
by CHRIS_B58
1
Changing Directions - Buy HD Swing Calls under 298I have to be fast with this one. Please see the chart indicators. As I was describing in comments of my previous Swing Put post, you can recognize the Elliott wave pattern without knowing much about it. I only use the concept of 3- and 5-waves to make trading decisions. Yellow dots show three waves down that complete a five wave pattern (3 down + 2 up). There should be a tradeable bounce after this. Also, red line indicates 3 waves down that match with the RSI-7 and stochastic %K dips (in green ovals). Notice how RSI was much lower with the first two yellow dots, as compared to today. If price moves up tomorrow then this will be bullish divergence. Even if price goes a lower on Thursday RSI may still stay higher than the previous two drops. Looking at Stochastic %D you can also see each yellow dot corresponds with a wave down. This is the third one below 20, which leads me to look for a counter move that will make a good trade. I have a very small position of 14Apr 300 calls and 13May 320 calls. If the idea does not work and HD goes below 295 I will exit with very little capital at risk.
NYSE:HDLong
by OptionsRising
9
$HD slowly coming back up?$HD slowly coming back up after a long downward momentum similarly with $LOW. i personally don't know why it keeps going to downtrend with not much negative news. i believe the stock got over value and analyst tries to lower the price target to prevent the bubble to burst. with the inflation and shortage going in the nation consumer is creating a panic buying creating a high supply and demand for retailers and might continue to happen for the past few weeks or months until the inflation subsides. here's my personal take playing $HD $HD: Day trade or scalp target play: 04/11/22 Buy call above 312.30 sell at 315.17 or above. Buy puts below 307.92 sell at 34.16 or below. option open interest: ideal expiration date: 4/22/22 , 5/06/22 or 5/20/22 Hello everyone, welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions which stock I should analyze, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel. Thank you for stopping by and stay tune for more. My technical analysis is not to be regarded as investment advice. but for general informational proposes only
NYSE:HDLong
by CHRIS_B58
Home Depot earnings 5/17Home Depot (HD) reported Q4 January 2022 earnings of $3.21 per share on revenue of $35.7 billion. The consensus earnings estimate was $3.20 per share on revenue of $34.8 billion. Revenue grew 10.7% on a year-over-year basis. The company said it expects fiscal 2023 earnings growth in the low single digits, or earnings of approximately $15.92 per share, with revenue slightly above $151.15 billion. The current consensus earnings estimate is $16.13 per share on revenue of $153.88 billion for the year ending January 31, 2023. Great risk : reward long entry here, imo. Heading into April Spring weather, death cross completed, sitting at major support & 52 week low, earnings in 6 weeks.. Here's levels on the 1 day chart: Q1 April 2022 Consensus: EPS: $3.67 Revenue: $36.44 B P/E: 19.8 Div/yld: 2.14 52 week high = $420 52 week low = $299 SMA200 =$350 SMA150 = $359 SMA100 = $367 SMA50 = $337 breakout = $342 R3 = $336 R2 = $330 R1 = $323 pivot = $317 S1 = $311 S2 = $304 S3 = $298 breakdown = $292 Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *options use 100x leverage you could lose everything* There are many types of options trading strategies and positions, simple to sophisticated & hybrids. I group them into theta, delta or mix strategies and bull, bear or neutral positions. There's a buy side and sell side to every trade. If you check the open interest (OI), you can see how liquid it is. Check how wide the bid vs ask spread is. Theta: iron condor iron fly covered call cash secured put calendar spread collar Delta: call put straddle strangle debit spread credit spread Bull: call put credit spread call debit spread cash secured put Bear: put call credit spread put debit spread covered call Neutral: straddle strangle iron condor iron fly collar (often used for downside insurance) calendar spread (short or long time) Options important variables: Strike = share price itm, atm, otm = strike position Expiry = Date of expiration Value = H, L & Mark Liquidity = bid vs ask spread Direction = put or call OI = open interest V = volume CP = chance of profit IV = implied volatility Delta = price Theta = time Vega = volatility Gamma = momentum *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
NYSE:HDLong
by Options360
2
Does HD have the strength to move higher? Swing Put EntryI am not sure if HD can muster up the strength to move up towards 320 or the daily 20sma, which would be a great place to buy swing puts. I see this 30min consolidation and stochastic is bearish. I do not like the daily stochastic here to enter swing puts but RSI is bearish and there is a clear path from 300 to 280 if weakness continues. I see a low risk trade here, and maybe also a day trade, as I will exit swing puts if I do not like price action or 30min close over 306.30-307. @Burning-Theta Recently posted more detailed thoughts on this stock here:
NYSE:HDShort
by OptionsRising
4
Triple Bottom/Pull Back FishingHome Depot fell from appears to have formed a head and shoulders top and has fallen quite a bit. Triple bottom noted and prices are very close at the 3 bottoms. If I were to enter this I would place a stop below lowest bottom/298.40. Bottoms are hard to call though especially with the market in a downtrend as of late. The top has fallen to the 100% mark but can fall to a greater fib level. You can measure from the head to the neckline and project it down to find the 100% mark. Tops can fall less or more than this. LOW and HD trade very close together. When one moves, the other seems to go with it. The long and short term moving averages look bad right now. No recommendation
NYSE:HD
by lauralea