brianmontgomery

HD could go either way

NYSE:HD   HOME DEPOT INC (THE)
14 0 1
On 18FEB, HD             bounced off the linear support and SMA200. Next day produces a bullish hammer candle. From this point there is evidence to argue bullish and bearish . The EMA50 seems to be a strong resistance (12JAN, 29JAN-03FEB) for HD             and could be a cap for bullish trend that HD             has been presenting. Additionally, the past three days have shown relative highs accompanied by lower lows. There is not a lot of space between resistance and support for HD             . Which level will end being stronger?
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