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jsgiardino

HD Long Opportunity

Long
Home Depot, Inc. (The) (NYSE:HD)  
jsgiardino Updated   
NYSE:HD   Home Depot, Inc. (The)
Trend Analysis Fundamental Analysis Beyond Technical Analysis SPDR S&P 500 ETF (SPY) homedepot
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trendanalysis fundamental beyondta spy homedepot
HD has strong fundamentals & has just begun an uptrend. Set a stop loss at the indicated line when opening the position. On breakout of resistance line go to trailing stop loss.

Roughly 2:1 risk to reward ratio.

HD is sensitive to moves in SPY which has been tempermental lately so keep that in mind as you trade.
Comment:
The macro uncertainty & inflation fears seem to be holding this back.
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