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Home Depot, Inc.Home Depot, Inc.Home Depot, Inc.

Home Depot, Inc.

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HD - Possible Swing OpportunityHD is currently at a strong R/S zone. If HD can hold/break above the $269 area price, we could be looking at a $275 PT. Things to look for other than confirming the support/resistance area: *in no specific order* 1) breaking levels with above average volume 2) overall market index strength 3) It's currently testing the 100 EMA as well which makes watching how it reacts at these levels that much more important before jumping in. 4) if stimmy does pump market all sectors could see an increase, but it may leave Dow stocks lagging a bit What are your thoughts on HD? Play, or Nay?
NYSE:HDLong
by Logical_Badger
where doers get more done...too bad this stock decided to not get more done in Q3& Q4 2020. Although $1,400 might be a sweet down payment on a set of new kitchen cabinets & appliances. The well-to-do cohort who are getting stimulus money + near-6-figure salaries are upgrading their homes; they re-financed at 2.75%, rolling in home equity and probably shorting meme stonks as we speak. Fact remains, when you remodel, it's never ending unless you sell that turd and buy a new ultra modern. Eyeing the Aug 20 300,00 calls & picking up shares when the S&P throws a taper tantrum. HD was weak after last earnings, anticipating lackluster results next go-round as well. But cheer up buttercup. Parking lots are full at HD vs near-empty at Lowes in my town. I'm in this store quite often. I do my channel checks, that said, traffic doesn't necessarily mean business will be rip-roaring; lumber prices are a racket at the moment. HD's margins are in their kitchen & flooring departments...
NYSE:HDLong
by UnknownUnicorn15571923
HD to retrace before going down further to 240-250 levelThis is a HD's daily chart. Had a false breakout, and it is now retracing. Price also bounce of 50MA on the Weekly chart. Looking to short it when price reaches 270 level. It should also coincide with the 20/50 MAs. Stoch RSI should also reach overbought (80) level. If price continues to trend higher, then it might go back to 280-285 level i.e. the high of the range or where the trend line meets. if shorting at 270 level is successful, then target profits are 250 & 240. If not, then wait for price reversal pattern at a lower time frame. I prfer the 1H chart. 280, 285 and 290 are 3 levels to look at for price reversal pattern at 1H But if price only reverse at 285 or 290 levels, then target profits are the low of the range i.e. 260 level. If you manage it right, risk-to-reward should still be in your favor. If you have any symbol that you'd like me to analyze, feel free to drop a comment. Thanks!
NYSE:HDShort
by leslieyimsm
Traditional|HD|LongLong HD Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone. The idea is to work out the resistance level . * Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author. + Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. Blue zones - activation zones. Green zones - take zones. The red zone - stop zone. Working out the stop when the price returns to the level after activation + fixing in the red zone. Orange arrow - the direction of take. Black arrow - neutral scenario without activating the trade. The red arrow - the direction of the stop. SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take. P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
NYSE:HDLong
by Henry_Ross
6
HDHD 2-4+ Week horizon I see 2 channels on this chart. A main downward trend channel (blue) and the past month or two price action bounced from the 200ema and seems to have created a new upward channel (purple). For the 2nd time now, price action seems to be respecting the purple uptrend channel and hopefully it will remain this way for the next couple of weeks. Additionally price seems to be moving at the EMAs. Key area is 282-285 area. Around this area is where I see a resistance from 61.8% fib and the upper boundary for the downward channel (blue). If Price action breaks this area, there is a good chance of a target 2 hit and possibly reaching target 3. MACD histogram on the daily and weekly seems to be losing downward momentum for a possible bullish move. Stochastics on the daily time frame is at oversold level for a possible bullish move while around the 40 level on the weekly time frame. Also, summer is around the corner and with interest rates at at its lowest, I anticipate a lot of home buying, renovations, and new home constructions. Disclaimer I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
NYSE:HDLong
by mdd100