HOME DEPOT LONGHonestly Home Depot is at a pretty stable support level( at 300) that it hasn't broken over the last year... That's not to say that it wont break under. I think That HD will go back up to the 330-340 range within in the next couple of weeks.
MACD is in a downtrend momentum but that can all change the market had some pull back the last couple of days after a crazy rally.
I think buy early May we should see some positive MACD. Which I think will take Home depot back to the 400 a share range.
RSI has it oversold and its been like that for the last 2 months. Hopefully with the market stabling and things coming to a close in Ukraine we will see home depot go on a little bull run.
Trade ideas
HD Breaking Down Below Ascending Channel; Continues DowntrendHD has been in a downtrend for the whole year, to date. Starting last month, price began to consolidate a bit in an ascending channel but now may fail to hold its support. Low RSI readings and MACD indications of a impending depreciation in price are also strong indicators of the channel's breakdown and a continuation of the downtrend. Two huge red candles in the past 3 days (a doji amidst them) go to show that there is enough bearish momentum to break and hold below support. This is a great opportunity to enter a short position; place stops at $321 and take profits at $297 (a level of strong support).
Bullish Swing Trade on Home Depot (HD)The market is looking very bullish going in to this week. I see a setup on HD that has an 80% chance to be profitable based on Trademiner 5.0. the technical analysis sees bullish divergence on the weekly and daily charts. The latest earnings report was positive on eps and revenue. And finally, the DJIA for the past 30 year has had positive gains from March to April.
So entry is ~341.00 stoploss = 285.00 and /TP1 = 406.00 and /TP2 = 465.00 /Time stopout is May 2 2022.
Home Depot ready for a renovation. HDGoals 335, 344, 357. Invalidation at 298 .
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 green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Home Depot packing up and going home. HDImmediate targets 345, 325. Invalidation at 458.
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. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
strategy for HD TUESDAY 03/01/2022 HD: we will only enter to buy above (318.00) in case of a bullish gap, we would have a gap retest.
HD: we will only enter to sell below (310.00) in case of a bearish gap, we would have a bearish gap and go
strategy: if we see the opening below yesterday's closing price, it would be entering the buy zone, for this reason we should expect the stock to be below the sell price. This is because the previous day's movement was bearish.
Home Depots USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Earnings watch 2/22 pre-marketEarnings watch 2/22 pre-market:
HD
M
MDT
DNUT
CBRL
LPX
TRU
SOHU
TPX
CEQP
Being that the entire global futures are red currently, maybe there's a diamond in the rough for earnings or even an opportunity within the chaos. I definitely feel bad for companies that are releasing earnings this upcoming market week. lol.
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
HD trade Opportunity Hd is right near support on the daily chart. Iv isn't that high but earnings are coming up next week which is a bad thing for contracts a couple weeks out. I also see a double bottom forming here at support or a premature w pattern which could bring us back to 420. the rist to reward to about 9-1 and there is a very tight sl






















