HD trade ideas
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:
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
Home Depot - Double bottom hinting a return to the upsideHome depot has formed a double bottom and on the 2nd bottom, the bullish harami will confirm the upside once prices break out of US$307.00. We are likely to see the first target at the supply/resistance zone at US$318.84
HDIf HD can hold the 300 level again it can bounce back into 309.
Puts under 300 can work for a move down into 292, 285.
Trade Idea: 290P 4/9/22 under 300.
HOME DEPOT LONGHonestly Home Depot is at a pretty stable support level( at 300) that it hasn't broken over the last year... That's not to say that it wont break under. I think That HD will go back up to the 330-340 range within in the next couple of weeks.
MACD is in a downtrend momentum but that can all change the market had some pull back the last couple of days after a crazy rally.
I think buy early May we should see some positive MACD. Which I think will take Home depot back to the 400 a share range.
RSI has it oversold and its been like that for the last 2 months. Hopefully with the market stabling and things coming to a close in Ukraine we will see home depot go on a little bull run.
$HD EASY PLAY!!!-HD sitting right on support will look for a bounce or break
-If we break we will easily approach 299 levels if we can break that then we got the floor to hit
-If we bounce we should look for at least 325 levels a lot of nice range here
HDHD Daily chart- sitting in demand zone but watch this volume shelf cliff it's hanging on. 50ma(green) 200ma (red). Seasonal spring runner but must hold the 300 zone
HD Breaking Down Below Ascending Channel; Continues DowntrendHD has been in a downtrend for the whole year, to date. Starting last month, price began to consolidate a bit in an ascending channel but now may fail to hold its support. Low RSI readings and MACD indications of a impending depreciation in price are also strong indicators of the channel's breakdown and a continuation of the downtrend. Two huge red candles in the past 3 days (a doji amidst them) go to show that there is enough bearish momentum to break and hold below support. This is a great opportunity to enter a short position; place stops at $321 and take profits at $297 (a level of strong support).
Long idea for HD and great demand opportunity It cn goes up to the supply zone drawn above in the chart.
HD swing tradeHD looking good here for a possible swing trade.
Hoping the moving averages old and the gap fill.
Pt: 349,375,395.
Bullish.
Use stop loss.
DYOR.
Bullish Swing Trade on Home Depot (HD)The market is looking very bullish going in to this week. I see a setup on HD that has an 80% chance to be profitable based on Trademiner 5.0. the technical analysis sees bullish divergence on the weekly and daily charts. The latest earnings report was positive on eps and revenue. And finally, the DJIA for the past 30 year has had positive gains from March to April.
So entry is ~341.00 stoploss = 285.00 and /TP1 = 406.00 and /TP2 = 465.00 /Time stopout is May 2 2022.
big breakout on the dailybeen trading this one for a long time
very reasonable multiple right now in the low 20s and a big technical breakout that looks like it wants to fill that first gap
Home Depot ready for a renovation. HDGoals 335, 344, 357. Invalidation at 298 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
HD Bullish Wedge Break $50-70 move Just reposting this witha regular chart ignore the Strategy below I am not using that.
by iCantw84it
03/16/22
$HD with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $HD after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 87.5%.
HD Bullish Divergence on the Daily 3.5 to 1 Ratio 15-25% moveHD now with a bullish divergence is set up for a run to its last previous high. 15-25% run on a 1 to 3.5 Risk Reward.
by iCantw84it
03.15.22
HOME Depot It can go up!The stock shows good growth, if the breakdown of the inside bar does take place, there are great chances that we will be able to see a new maximum in the future of 1-2 months.
Stop for a minimum price of the bar. Take profit to the previous maximum.
Good luck Home Depot!
Home Depot Long after the SupportThe price is right now at the support at 318 we need to see if it rises from here. If it does then buy at 335 to be sure that the trend is bullish. Stop loss and T/L according to your risk/profit ratio.
