Home Depot 
HD has bounced nearly 5% since our last post and is now retesting a major support zone between $375 – $380. This zone has consistently acted as a base, and the current price action suggests buyers may be stepping back in — potentially setting up for another bullish move.
📈 Trade Idea
Entry Zone: $375 – $380
Take Profit Targets:
TP1: $400 – $412
TP2: $423 – $435
Stop Loss: Just below $370
The setup offers a clean risk-to-reward structure with the broader market still holding a bullish bias. Watch for volume confirmation or bullish candlestick signals to strengthen the case.
HD has bounced nearly 5% since our last post and is now retesting a major support zone between $375 – $380. This zone has consistently acted as a base, and the current price action suggests buyers may be stepping back in — potentially setting up for another bullish move.📈 Trade Idea
Entry Zone: $375 – $380
Take Profit Targets:
TP1: $400 – $412
TP2: $423 – $435
Stop Loss: Just below $370
The setup offers a clean risk-to-reward structure with the broader market still holding a bullish bias. Watch for volume confirmation or bullish candlestick signals to strengthen the case.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.