HD trade ideas
$HD Breakout - 4 Buy signals - Caution Advised -Chart says it all.
Normally this is a very profitable setup for me and I would take this trade in a heart beat. However the last 4 candles catch me attention and make me weary. I will not take a position on this. Instead I will follow this and see what I can learn. Volume price analysis can tell us alot going forward.
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Home Depot shortHarvey had hit the United States hard, causing serious damage. Now Irma stands almost on the doorstep and could put another one on it. But if Irma Florida should still miss, the damage should not be as high as currently expected in many places.
HD increased strongly and opened an up gap after another. But the momentum and dynamic have been weakening and a nice doji was build yesterday. Here you could think about a short trade. The stop loss can be set at the high of the doji candle, the take profit could be at 152, which creates a very good risk-reward-ratio.
Home Depot sells off despite positive earnings to test $150Despite beating the street, Home Depot shares are selling off this morning as traders book profits against the news. Falling from a lower high near $156, the shares are testing the $150 round number. A failure to hold that level would signal the start of a new downleg with next potential support at the 200-day average near $144.00.
A possible breakout trend trade?Could this pair actually break down lower?
There could be a potential 2x trade here.
HD HomeDepot - Will we bounce or see further pain aheadIs this a Home Depot ( HD ) opportunity or trap for further pain to the downside? We clearly see a past resistance around the current levels of $150 that could turn into future support and help us find buyers there, but breaking $150 would open the door to the $144 and even lower. But with a dividend yield of 2.36%, hey we might attract some buyers down at this levels. I will keep you posted, safe trading everyone!
#daytraderforlife
HOME DEPOT - BEAUTIFUL SHORT PLAY IN THE MAKINGWeekly chart showing a nice shooting star followed by a clear bearish engulfing pattern. Bearish pressure is mounting.
Looking for a correction into the 200 DMA and 140$ demand zone.
Blessings to you all.
Caution on the breakout HDlong term trend is bullish but slightly weakening
ascending triangle forming above MA-
negative volume pressure is underlying may lead to a weak breakout
thinking it may be a false breakout possibly trade down to 155.13 where there's least resistance
also might try to complete head and shoulders pattern down to neckline
Heading South! This stock has reached its peak on earnings and the MaCD has triggered a sell signal. Bets are this falls further. I am shorting.
