HD has been trending down for over a month and has been settling in a nice trading range. I would like it to go a little higher to minimize risk but it still may be a good time to start a short position. I could see a move up towards 80 but I think the move down is going to be much more aggressive with a target of near 70. There is a short term support but I think it will blow right by it. Happy trading.
Comments
octradr
⋅
Well... It broke resistance and took off. Can't win them all.