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
Simple. Home depot is at the bottom of the range and is ready to bounce up to at least 268 with a chance to 278. Buy the bottom.
XHB has underperformed SPX since Nov and may continue to year-end. Is it an opportunity to pick high quality stocks in this group?
Real-Time Algorithmic Trading Signals. Stay curious
Great PEG setup here for $RH. Very bullish consolidation with declining volume. Has had several interactions with the pitchfork, so we can look to the bottom blue line to act as support and the median red line to act as a magnet/resistance. Target = $460 by mid-November as a conservative estimate. Use the white box as an entry point. Good luck!
NYSE:HD with a strong descending triangle pattern on the 4hr. I am looking for a breakout above the resistance trend line and using the previous 3 supply zones (where HD previously tested the downward trend) as points of TP/continuation confirmation. While I anticipate a bullish breakout, it should be noted that a breakdown below 260 on the demand base has...
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Home Depot is currently trading near its 21 day EMA. Bulls will need Home Depot will to push through the 21 day EMA resistance level to take the stock up to its recent high. Although we see a double bottom, which is known to be a bullish reversal pattern, please be aware that this chart can also be interpreted as seeing a simple price consolidation pattern, such...
Home Depot ( NYSE:HD ) is pulling back along with the Dow today and is finding support at the 13 Day EMA as shown on the chart above. Could this be a pullback trade? I would like to think so, but as the SPY soars to new highs, we continue to be in an overextended market. I think Home Depot has the potential to continue higher provided that the SPY or DOW doesn't...
$HD Home Depot - Over Extended Heading Into Earnings Earnings this week before the open on Tuesday. Stock looks to be running out of gas after essentially doubling off the March lows. This has the potential for a "sell the news" post-earnings sell off. P/E ratio currently sitting at around 28x - its highest level ever. The only other time it was ever over 25x...
As I hate anything but technical analysis . I sources who supply these big box store an a FYI THEY ARE RUNNING OUT OF ALL LUMBER AND EVERYTHING THERE ARE NO NEW SUPPLY CHAIN CANADA COMING FROM
$HD broke $259.29 out last week and ready for a new uptrend. However, the volume and rsi are still weak and just watch for more volume before get in. Note: Lumber price is increasing so it may affect also HD performance positively. 12 months Consensus Price Target: $255.28 if you find my charts useful, please leave me "like" or "comment". Please don't trade...
$SPY $AAPL $SPX $QQQ $HD Picked up some September EXP puts on $HD because of this Megaphone top + RSI divergence.
Another stock that's getting tight and ready to breakout.