depot

Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.

I am very cautious this close to the top and thinking the economy will be heading much lower in the coming months BUT this is such a great company. They are very strong and going into a horrible storm season I think we will see some great profits. I won't be putting much into this being my outlook and it's close to the all time highs but it is a good buy non-the-less.

On long term basis, Home depot holds uptrend - price is trading above 1st standard deviations from 5- and 10-year means. On short term basis, price is trading laterally - it is trading within 1st standard deviations from both 1-year and quarterly moving averages. Moreover, current short term lateral range is outlined by the 1st standard deviations from...