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 /...
Welcome to our Weekly V2-Trade Setup ( HD ) !
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4 HOUR
Expecting more bullish pa.
DAILY
Looking for more upside pressure.
WEEKLY
Nice technical setup.
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STOCK SETUP
BUY HD
ENTRY LEVEL @ 353.15
SL @ 332.35
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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-Inverse head and shoulders
-Breakout level @ 324.50
-4hr gap @ 341.13-338.15
-Look for the 50DAY SMA to act as
support
-Wait for confirmation. Would love for
it to get above the 6 & 8 SMA or
form a squeeze on smaller timeframes.
NYSE:HD
Being a little stubborn around the 265. WIth the overall market sentiment, vaccine news, and sector rotation.
I'm holding spreads at the moment as they arent affected by theta.
SL is under 263.50
Entry for calls over 265.80 and 270
