JohnChartIdeas

HD long opssibility

Long
NYSE:HD   Home Depot, Inc. (The)
Main HD idea is possible monthly bounce from 10sma support area and possible flag pattern. Also, for that possibility HD need to break above weekly 10sma (at this moment resistance area) and above daily 50sma (green line on the chart). For trading plan, I use early entry and that is above 1st 60 min resistance area. Another swing option and less risk is above Tuesday high, but also then reward possibility is smaller.

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