HD has been working on a short-term bottom since December 2019. It is now poised to test the previous all time high level again.
The Home Depot, Inc. (HD) is approaching a potential breakout point at 236.5. Target area 240-244.
HD I have it as a BUY today by my indicators. I could see it going back to retest the highs. Coming off support at the 200sma. Volumes good for 1/2 day. Earnings behind you. MACD crossing higher. Supporting MA's crossing bullish. I like it.
$HD : Possible to bounce from here. Holding 200SMA on daily. Expecting strong bullish move from here.
Price is forming a falling wedge which tends to indicate a bullish move. We will be waiting for price to break the wedge for a bullish confirmation. If price breaks the wedge trendlines, we can expect price to push back to $223.50s
I know this sounds crazy, but I have been eyeballing HD for potential Short for a bit. Home Depot is a leading indicator that the economy or housing market is taking a turn. If we see the economy and housing market pull back near the end of 2020 as many predict, we could see a correction all the way down to its larger, ascending support, all the way down to the...
Daily downtrend waiting for pullback into supply before looking for shorts. Hopefully the Stock market can give a correlations trade.
HD weekly chart had a bearish RSI divergence. The stock started breaking down on November 18th & has broken down through the support trendline this week as it nears the first potential pullback level. There is a lot of call activity in this name today in the January 3, 2020, $230 calls.
Potential long entry for HD is in the works. The stock has seen a recent drop due to the latest earnings report. After losing ~10% due to the negative market reaction, there may be an opportunity to go long. I've taken note of the following: - Approaching 200MA which can serve as support - Chart is currently along the lower bollinger band - Stochastic indicator is...
Recommended 30% risk only .. i.e. usual trade for this size ticker is 1000 shares, go in small at 300 shares and trail this one on the way up.. catching a sharp knife, trying to pick the bottom - so relatively tight stop and either it goes or it doesn't!.. see chart -- close up view in comment section.. Happy trading!
I reviewed this chart the other day, I liked the volume and the trend line confirmation (3 touches). But with the v-rally selling off by about 50% I have my guard up. We're seeing continuously high volume here, higher than the previous visits to the trend-line. I'm not quite bearish here. But I wouldn't advise a swing entry until we revisit the trend line and...
Entry level $223.45 = Target price $230 = Stop loss $ 221 7&12 MA's crossing a reliable buy signal. Middle bollinger band support as the upper and lower expand. Nice reversal off support lets see if it can continue, trade will be abandoned on any market weakness.
Watching a solid support develop on the HD Daily. Increasing bullish volume off of near oversold earnings sell off. Bounced nicely off of lower support showing similar RSI levels previously on the same trend line. Volume profile giving hints of little resistance back to the top of channel.
HD reported earning recently and was slightly under eps. Overall, the materials industry has been taking a beating but we recently got some good news about building permits and home data being up. plus if they market holds the $310 level and bounces, it will probably take HD with it. in addition to that, HD has dividend coming up so we can see a dividend run too.
Trend Breaking Down 1) Break 24hr Trend 2) Test Untested Weekly Support
whole lotta put run me my money positions naked otm on chart