HD about to roll over HD forming a wedge pattern; reject on the top trend line, should fall and find support at the bottom trend line.
Trade ideas
top of cloud short watch close below 50 ma/same store sales baddiversify with long micro cap and short/retail maturing/rsi weak/money flow bad/macd and stoic about to cross/weak group/
Home Depot losing strengthHome Depot recently broke its short-term support of 132.09 and a bearish divergence appeared on the weekly chart. This presents a good shorting opportunity with little risk.
The long-term trend is still up so cover if it breaks out past 138. 5/26 after close
Home Depot Looking Overvalued I am short this one it is in overvalued condition with rejection from top.
Home Depot - Double topHD is a slow trending stock, it has been in an uptrend forever. That is why I want to take profits quickly, and not look for a serious correction.
Double top on the weekly chart with a bearish divergence, blue impulse. A broken H&S pattern on the daily and red impulse.
I am looking for price to reach value on the weekly. Note that the US market looks bearish right now.
HD: Beakout nearThe market is in a uptilted rectangular congestion. Two possible routes are in the chart.
HD - Wyckoff accumulation within larger distributionPossible LPSY of larger distribution area hit 3-3-16
HD could go either wayOn 18FEB, HD bounced off the linear support and SMA200. Next day produces a bullish hammer candle. From this point there is evidence to argue bullish and bearish. The EMA50 seems to be a strong resistance (12JAN, 29JAN-03FEB) for HD and could be a cap for bullish trend that HD has been presenting. Additionally, the past three days have shown relative highs accompanied by lower lows. There is not a lot of space between resistance and support for HD. Which level will end being stronger?
Can HD Bost?This dog of the dow was just ripping through highs, can $HD recover from this? It’s Dividend play? I think it’s depending on your portfolio“S”or even those funds that are only access to brokerage services and what not but, I’m holding 34 shares in this stock on Gurufocus I am bullish long-term of The Home Depot INC. I don’t think it’s a technical perspective that might scream sell. There is no signal on 2/17 but, watch this stock and keep your eyes on this stock. I’m expecting to see $125 break again and make that support and rally from there. I’m a buyer
