Keeping it simple with this one, HD on the weekly hasn't broken the 200 WMA aside from the covid crash, and is resting there now. Given this, it serves as a good entry and expect a non-disastrous earnings release and price to pivot higher here - $310 First Target
HD has broken support but has not completely broken down yet. HD bulls need to recapture the orange trendline on a weekly close or else the bearish trend will break the 200 Weekly MA.
Or a 5+% loss incase of a stoploss trigger. Technically, we can climb here, given increasing momentum, but local pivot not confirmed. Head and shoulders is also speculative. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red....
As a hard worker, Home Depot has just recently nailed down wave X in green, hitting our green target zone between $282.54 and $260.03. From this low, the share has already started the anticipated ascent and thus should soon reach the resistance line at $347.25. Next, Home Depot should saw through this mark and climb into the gray zone between $360.98 and $402.97...
Once it closes above 110, we can expect it to hit 150 by May. If not have your SL at 105.
Quick read, for once. Lowe's is down 7% following ER. Another ER dump. This is really notable for a few reasons: 1. Big moves on the first of the month always make me think reversals 2. Lowe's isn't really bearish on monthly or weekly bars 3. The real short setup for economic disaster is in the $240 range 4. Dump swept out weekly/monthly/daily sellside pivots 5....
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...
HD has found support on a prior resistance line It has also formed a sort of bullflag structure or expanding wedge following this This is a bullish sign on this daily timeframe. Bullish
Home Depot, Inc. (The) (symbol ‘HD’) shares made around 13% in profits since the beginning of Q4 2022. The share price made a very strong bullish run and then entered a slightly bearish trading channel. The company’s earnings report for the fiscal quarter ending January 2023 is set to be released on Tuesday 21st of February, before market open. The consensus EPS...
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 /...
Another one where I feel wednesday NAIL will retest the 200ema from market panic on rate hikes. At this time I will add to a swing position and feel strong upside potential in a short time frame. Lumber futures are about to go crazy and although rates are higher this is reality.
i like the come HD showing from all times lows it made a %50 retracement but they are not out the woods yet would like to see a 61% or 75% retracement first
HD ( HOME DEPOT ): Consumer Cyclical - Home Improvement Retail. Home Depot is included in the Down Jones Industrial Average. My technical analysis on the stock: The current downtrend took the stock 37% of its all time high of January 2022. On June 23, HD initiated a strong bounce to $333 off the $265 level. On August 17, HD initiated a huge drop back to 265,...
This particular formation is something I seldom experience in my daily chart readings, but when it arises tends to guarantee a profit given this entry. First time I ever saw this I questioned, can two patterns be combined? I would have to agree. Proper confirmed entry would be at 328, as soon as I witnessed the potential first indication of a reversal of trend, a...
Home Depot closed between EMA's this week. After strong earnings they can not perform upside. I think it could be related with IV. for that reason HD need to consolidation. I think we could test november low's
Order BUY HD NYSE Stop 286.47 LMT 286.47 will be automatically canceled at 20230401 01:00:00 EST HD daily bullish hammer stop has to be deep, however exit should be quick since countertrend of downtrend.
That is what it appears like to us at this stage. Overbought on the daily, possibly a result of the ascending pennant (?A Wave) signaling a fair chance of a reversal now to the shown levels. The fact that this is another short idea should not be all surprising given the general pessimism on the markets right now. We are not in the business of getting every...
Looks like HD will hit 250 by end of this week or next week. I understand the hype about Hurricane but the markets are in turmoil and there is no way this heads higher and weekly shows one last draw down before recovering higher.