Home Depot (HD) gave us last time (October 09 2023, see chart below) an excellent buy opportunity that quickly hit our 326.50 Target: The Bullish momentum was so strong that it broke above the Triangle pattern and gave way to the emergence of a Channel Up. The recent 30 day correction since the March 21 High, can be technically seen as the new Bearish Leg of...
We expect that the Home Depot stock will drop further until the current wave (B) concludes in our Target Zone (coordinates: $321.10 – $288.12). After the low is settled, we reckon with a bullish trend reversal, which is why our Zone presents an opportunity to take on long positions. It should be noted that it is also 29% likely for the low of wave alt.(B) to be...
NAIL on a 14 minute chart tested the support at the rising trendline confluent with the mean anchored VWAP and has bounced and crossed over the latter. Relative strength lines are crossing over the 50 level and the relative volume is showing a gradual rise. This is the beginning of homebuilding season after all. Mortgage rates might be getting a cut. I will...
Restoration Hardware on the weekly chart rose from COVID and then retraced for almost two years. It appears now ready to experience some investor and trader interest once again. It is rising from the POC line of its long term volume profile. The trend strength indicator just inflected and curled upward. I like to catch trends early to get as much of a move as...
Home Depot ( NYSE:HD ) said Thursday it will open four new distribution centers as it drives more sales from remodelers, contractors and other home professionals. The new distribution centers are expected to open in the first half of the year in Detroit, Los Angeles, San Antonio and Toronto. They make room for the bulky size, wider variety and larger orders of...
Home Depot ( NYSE:HD ) finds itself navigating rough waters. The retail giant recently delivered a sobering forecast for 2024, projecting results below analysts' expectations. As demand for home remodeling fails to pick up steam, Home Depot ( NYSE:HD ) braces for a year of sluggish growth and intensified pressure on its bottom line. Unveiling the Forecast: Home...
NYSE:LOW has been on a tear since its Oct 27 low. The volume of buying during December 13, 14 and 15th is amazing. We now have a nice 8-day consolidation going that has formed a bullish pennant. In addition, today is shaping up to be an inside day. I do not know which way this will break but I did put on a one-third size position today with a stop just below the...
NEW BASE created for new GROWTH. With a company like HD with solid fundamentals -- this should be a no brainer be part of your portfolio. KEY NOTES: MONTHLY DATA HIGHER Lows on monthly data: Double bottom rebound. 78.6 FIB level touch (bargain), currently bouncing off with precision. Monthly descending trendline BREAK. Huge hint. Massive net buying volume at...
Home Depot (HD) is near the Higher Lows trend-line of the 12-month Triangle pattern. Even though it's already on an excellent buy level, the distinc characteristic of the previous two bottoms has been an inner Higher Lows formation. That was the final Low before rising and never seeing such low levels again. On top of that, the 1D RSI is remarkably oversold (even...
Hello There! Welcome to my new analysis about HD on several timeframe perspectives. As the whole stock market is moving into a decisive phase where more and more mixed sector stock developments emerge with many sector stocks to increase a bearish possibility while others still remain in a major bullish condition it is highly necessary to consider those stocks...
Hello Traders Investors And Community, welcome to this analysis where we are looking at the stock value HD 4-hour timeframe perspective, the current formation and what to expect from this stock the next times. Although HD has formed some new highs it is struggling at the moment as the volatility gets extremely low and the price weakens it can be possible to...
Home Depot Inc (HD) is trading within a Channel Up since the May 16 Low, strongly supported by the 1D MA50 (blue trend-line) following a 1D Golden Cross. The pattern is quite similar to the October - December 2022 bullish Channel and as a result we treat this as the last strong buy opportunity before the Resistance Zone test. Our target is its top at $347.65....
If you haven`t sold HD here: Then analyzing the options chain and the chart patterns of HD The Home Depot prior to the earnings report this week, I would consider purchasing the $325usd strike price Puts with an expiration date of 2023-9-15, for a premium of approximately $7.15. If these options prove to be profitable prior to the earnings release, I would sell...
🔹Breakout the horizontal trend channel in the medium long term. 🔹Breakout a double bottom formation 🔹A decisive break of the resistance 302, continue looking at next resistance 322. 🔹Technically POSITIVE for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle |...
BLDR is part of the construction industry and has had consistent gains over YTD in the range of 95 % with favorable beats on earnings estimates and increases in revenue. Volume has been rising in the past month. In the past when BLDR pulled back to the blue SMA100 line it then reversed quite well and resumed its move higher. At present, BLDR is on a pullback...
Idea: Long Horizon: 1-2 weeks Target 1: 303.34 Target 2: 308.57 Target 3: 313.8 Potential of the idea: 60% Stop order: $286.7 Technical analysis HD is in a sideways movement, the price made a deviation from the bottom and we got a reaction from buyers. We expect that the price will come to the upper boundary of the sideways movement at least, after that a...
All media invokes sensationalism to get clicks and views to see their ads. Some really play into the doomer mindset of their readers/viewers by selecting stories that amplify the theme of the world/economy/dollar ending and that the next crash is right upon us! I've been reading these headlines every day for over a decade now and it's just the way modern...
Home Depot reports earnings tomorrow. This could be telling for retail stocks. If HD earnings come in negative this would drag XRT down and likely the market leading Home builders. With the weakness in Lumber, Copper & steel weak earnings could be very likely.