649bruno
Short

Home Depot "Under Obstruction": Here Are A Dozen Reasons To Sell

NYSE:HD   HOME DEPOT INC
30 0 3
Home-Depot is not under construction, it is "under obstruction" (to near term advances in stock price).
Here are the ONE DOZEN negatives in-Home Depot, and why I feel this stock is a sell:

1. Sell Fractal in effect (red rectangle on chart).
2. Alligator jaws opened in tandem with sell Fractal. Alligator feeding in down-trend.
3. Chop indicator (under chart) is below the 38.2 shaded area. This indicates a strong trend coming that (in this case) is down.
4. Phase energy (lower top indicator) is heading LOWER. The action is below the zero line.
5. Momentum (middle top indicator) is the 5/34 measure, and this is a bearish cross and is heading lower. Histogram within is also heading lower.
6. Prices are trading below the Ichimoku Cloud .
8. Prices are trading below the Ki jun-Sen baseline of the Ichimoku Cloud . This is a sell signal.
9. Prices are trading below the thick red Ichimoku Cloud conversion line. This is a sell signal.
9. The red Ichimoku Cloud conversion line direction is heading lower. This is a sell signal.
10. The Ki jun-Sen baseline of the Ichimoku Cloud direction is heading lower. This is a sell signal.
11. The CHOP ZONE indicator (under chart) is red, indicating a down trend.
12. RSI/ Stochastic (top) is heading lower after a bearish cross.
In my opinion-HD is heading LOWER. I have given you a dozen negative signs as my objective evidence.
Good luck to you in all your trades. Don.
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