Dan.Walsh.Loves.Lous.Sushi.Dow
Short

HD- - Rising wedge - looking for bearish break

NYSE:HD   HOME DEPOT INC (THE)
1-9 -15 New trade -
14 days ago I posted the previous chart stating if HD             closes above 104 (it may hit bullish targets ) , but look out for a pullback becuase of the ascending wedge . HD             traded to the top of the wedge and has given a bearish engulfing on 1/9 . If market continues bearish there could be a nice trade devloping if HD             trades below 100.36 Target 96.28 and 87.86. There may be a trade within the wedge but I'm waiting for a close below 100.36 or looking for a bounce bullish above 100.36.
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