On long term basis, Home depot holds uptrend - price is trading above 1st standard deviations from 5- and 10-year means.
On short term basis, price is trading laterally - it is trading within 1st standard deviations from both 1-year and quarterly moving averages.
Moreover, current short term lateral range is outlined by the 1st standard deviations from quarterly mean (111-118)
Thus investors willing to take positions with the macro trend should look for pullbacks to the lower border of the short term lateral range
On short term basis, price is trading laterally - it is trading within 1st standard deviations from both 1-year and quarterly moving averages.
Moreover, current short term lateral range is outlined by the 1st standard deviations from quarterly mean (111-118)
Thus investors willing to take positions with the macro trend should look for pullbacks to the lower border of the short term lateral range