markbrsz
Long

Home Depot ($HD) Long Setup

NYSE:HD   HOME DEPOT INC
Price has been in a steady bull trend since 2011 and is evident across the monthly, weekly and daily time frames. Price has recently cleared yearly pivot resistance around $116 mark and after earnings gaped over the key $120 figure. The trend filter is green across all time frames confirming bull trend. The weekly and daily are both above the 200 moving average suggesting bias is bullish . This stock has been in consolidation for almost 6 months under the 2015 highs set back in late February and has broken out today after earnings. If $120 level holds I will look to take a starter position targeting $150 as we have only blue skies ahead. Remember the bigger the consolidation, the bigger the breakout
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out