HOME DEPOT INC (THE)

Despite beating the street, Home Depot shares are selling off this morning as traders book profits against the news. Falling from a lower high near $156, the shares are testing the $150 round number. A failure to hold that level would signal the start of a new downleg with next potential support at the 200-day average near $144.00.

Could this pair actually break down lower? There could be a potential 2x trade here.

Bear flag at major support

Is this a Home Depot ( HD ) opportunity or trap for further pain to the downside? We clearly see a past resistance around the current levels of $150 that could turn into future support and help us find buyers there, but breaking $150 would open the door to the $144 and even lower. But with a dividend yield of 2.36%, hey we might attract some buyers down at this ...

Weekly chart showing a nice shooting star followed by a clear bearish engulfing pattern. Bearish pressure is mounting. https://www.tradingview.com/x/KTyzZNyl/ Looking for a correction into the 200 DMA and 140$ demand zone. Blessings to you all.

nice crossing below 48ema

Break RSI down trend will be nice.

HD holding well above its trend line and 50MA. Watch the stock achieve ATH

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long term trend is bullish but slightly weakening ascending triangle forming above MA- negative volume pressure is underlying may lead to a weak breakout thinking it may be a false breakout possibly trade down to 155.13 where there's least resistance also might try to complete head and shoulders pattern down to neckline

This stock has reached its peak on earnings and the MaCD has triggered a sell signal. Bets are this falls further. I am shorting.

Home Depot Bullish pennant after solid earnings report this morning. $HD

Short HD at $156 with a target price of $149.5

Range breakout

Short HD at $155.

Fits the pitchfork well. Follow the guide.