$HD : $10 bounce from ATH
$247 was the the previous ATH before the virus rattled markets. This area should provide a level of support at the moment.
Would like to see a break above 254 to maintain a bullish outlook.
I fear that if the bulls loose control around $240, 230 and below can come quickly.
Also notable to see the SMI flip which although not bearish by itself, combined with the notional that $HD was rejected at its ATH, MACD is converging, there is a case to be made to see 243 again.
$247 was the the previous ATH before the virus rattled markets. This area should provide a level of support at the moment.
Would like to see a break above 254 to maintain a bullish outlook.
I fear that if the bulls loose control around $240, 230 and below can come quickly.
Also notable to see the SMI flip which although not bearish by itself, combined with the notional that $HD was rejected at its ATH, MACD is converging, there is a case to be made to see 243 again.