Home Depot reported weaker earnings – revenue fell 4.25% YoY earnings fell 8.8%. It reflects a weaker building + DIY market in the US, which is what we’re seeing across the board – specialist store Restoration Hardware (RH) reported similarly weak sales. HD fell 2.15% in response, which isn’t enough value for us yet. We initiated coverage of HD back in December...
Looking at the H4 chart, my overall bias for HD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.
Looking for a sell entry at 311.69, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 331.31 where the overlap resistance and 78.6% Fibonacci line are. Take profit will be at 279.90, where...
Home Depot Inc - 30d expiry - We look to Buy at 312.12 (stop at 298.22)
The stock is currently outperforming in its sector.
This stock has seen good sales growth.
Bespoke support is located at 312. 307 has been pivotal.
The primary trend remains bullish.
We look to buy dips.
Our profit targets will be 346.86 and 349.86
Resistance: 324 / 330 /...
🌟HD bearish scenario:
We have technical figure Triangle in US company The Home Depot Inc. (HD) at daily chart. The Home Depot, Inc., commonly known as Home Depot, is the largest home improvement retailer in the United States supplying tools, construction products, and services. The Triangle has broken through the support line at 18/11/2020, if the price holds...
Monthly
In Uptrend since 2012
Weekly
Doube Top on Uptrend
Wait for correction on Fib 618
In uptrend then wait for buy
Daily
Flat
Clear Divergency by RSI
=Wait for correction down, also Harami bar confirms it.
When correction is ended
From w1 of 2021 I will open Long
OPEN 265$
SL 250$
TP 300$ will reach in April 2021.
TP2 330$
RR 2.71
HD closed at 247. Price target is 260. Home depot is a great stock. It’s just been trading sideways. Last price target was 250 and it hit that nicely but was unable to hold. The triangle I charted is getting narrower. Once price gets to the point it has to make a decision. Home depot is strong IMO. Home projects have been huge during the pandemic. That and blue...
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...
