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trendinvestorpro
Jan 12, 2021 12:48 PM

HD Starting the year strong with a bounce off support zone Long

Home Depot, Inc. (The)NYSE

Description

HD lagged the last few months, just like AMZN and ITB, but the overall chart still sports a bullish configuration. Stock hit new highs in August and is above rising 200-day. Decline from high retraced 1/2 to 2/3 and formed a falling wedge, both of which are typical for corrections within a bigger uptrend. Stock is finding support from the lows extending back to late September. Expect a breakout and continuation of bigger uptrend. Re-evaluate on close below 260.
Comments
Investroy
Excellent chart, supporting you👌🏻
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