BUY HD Its holding resistance Could break due to economic news tomorrow so watch that but looks to be setup if it holds for the end of the day
Trade ideas
$HD Broken trend with huge volume suggest further decline to 214Strong drop from the top at 239.3 broken YTD trend - test and confirm break - most of indicators are over sold as it has more than 10% correction from recent top . its looking to close previous gaps at 214.8 - 208 -204 stoploss for this idea at 223.5
RISKY long on HD.. are you in?..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!
HD - bulls need to hold the lineI 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 prove we can hold it. We closed Friday near low of day, which leads me to believe we'll visit the trend-line either Monday or Tuesday.
If we can hold that level I still like the risk reward.
My line in the sand is a close below $216.88
Home Depot friday trade setupEntry 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.
HD Daily range playWatching 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.
All Rise Home DepotIt’s time. Structural support, oversold, bullish stock. It’s time for a rebound folks! Home Depot for the long run.
LONG SWING HOME DEPOT 1DFUNDUMENTALS
weak earnings but bullish overall gives opportunity for discount buy.
TECHNICAL
1.On the 150 EMA that the price bounced the previous times
2.STOCKASTICKS oversold
3.Strong support at 215-218 level
wait for a confirmation of reversal
R/R is good.SL below the 150 EMA
Home Depot - channel trading strategy, potential longThere has been an aggressive selling of the stock for the past few days. The price now reaching toward the lower trendline channel on a daily chart.
Stochastic shows on oversold position.
Look for confirmation of price reversal at the support level and combine it with a golden crossover from stochastic which suggest a buying opportunity.
Otherwise the price might continue to fall further.
Waiting for HD to drop to $214 for a bounce playHD 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.
HD at support BUY opportunityHome Depot seems to be entering a solid buy range to rebound off of trend in holiday season.
HD Trend ReversalHD has broken trend and appears to be over valued. Divergence suggested earlier that this move would happen and it has. A move down to a consolidation level would be my guess. I have no positions in this underlying but will get short on a retracement .5 or .618 level if price tries higher.
GL
RSI Divergence in Perspective. Home Depot RSI Divergence.This should not be considered advice. Always do your own research.
$HD looks bullish into earningsP/E ratio 23.9
Yield 2.28%
Company profile
Home Depot, Inc. is a home improvement retailer, which engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products, and decor products. It offers home improvement installation services and tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone and Pat Farrah on June 29, 1978 and is headquartered at Atlanta, GA.
Home Depot may benefit from consumers misfortuneEntry level $238 = Target price $260 = Stop loss $233
Strong momentum in the housing marked.
Strong consumer spending trends.
High rate of refinancing due to lower interest rates, more disposable income to complete home improvements.
Unfortunately HD benefits from extreme weather events and disaster zones like the wild fires in California.
P/E ratio 23.
Yield 2.3%
Company profile
Home Depot, Inc. is a home improvement retailer, which engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products, and decor products. It offers home improvement installation services and tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone and Pat Farrah on June 29, 1978 and is headquartered at Atlanta, GA.
HDOne of my favorite stock in this sector. Forming ascending wedge on weekly. Earnings this week ( Tuesday before open)
