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lauralea
May 16, 2023 2:12 PM

Descending Triangle  

Home Depot, Inc. (The)NYSE

Description

Earnings miss.

Triangles are neutral until cleanly broken.

Price is hovering at the support line and the 50% level of the trend up. Price dipped below the support line earlier this am.

No recommendation/Candle of indecision.
Comments
mjstach1
They also said there would be future declines re: estimates/expectations...maybe a tactic for lower expectations / estimates? In any case it wasn't a hopeful statement so perhaps the trend will be down? Home builders along with the pros are already out in force doing home repair and upgrade projects. Yet it surely looks bearish to me...
mjstach1
Thank you...I've lost money on my first 6 trades using candlestick/western technicals. I'm not used to such short/small gains and choppy boxes as we've shared prior. That surely looks bearish...to me.
lauralea
@mjstach1, it does/as does lowes
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