brianmontgomery

HD 2nd retest gap in a row.

NYSE:HD   HOME DEPOT INC (THE)
HD             closes with a second bullish retest gap in 2 days closing at minor resistance level from mid OCT and NOV of '15. The fact it follows a morning star reversal adds to the bullish sentiment of the past few days. However, the most recent candle closes on the SMA 200 which could prove to be a resistance point as well. If next candle breaks out of the SMA 200 resistance as well as linear resistance line, I would feel more bullish than bearish in the coming days.
Wow. Bam!! You are spot on!! : -)
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