HD Near All-Time High ResistanceHD recently ran up on Buyback action, and it has stalled below the previous All-Time High. There is Dark Pool Quiet Rotation™ in the price action at this level.
Trade ideas
Daily HD forecast timing analysis by Supply-Demand strength21-Jun
Stock investing strategies
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations.
Today's S&D strength Flow: Supply-Demand strength has changed from a strong buying flow to a suddenly strengthening selling flow.
View a Forecast Candlestick Chart Analysis of 10 days in the future: www.pretiming.com
(You can easily create a trading plan.)
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 0.3% (HIGH) ~ -0.5% (LOW), 0.1% (CLOSE)
%AVG in case of rising: 1.3% (HIGH) ~ -0.5% (LOW), 1.0% (CLOSE)
%AVG in case of falling: 0.6% (HIGH) ~ -1.1% (LOW), -0.4% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Up trend to be confirmed.Trend Following tips plot HD as a buy stock. Begin buying calls and if the trend consolidates, in four or five sessions, buy the stock. Calls permit to rescue the gap loss of the waiting for more evidence on trend, with low risk. I suggest 100 20SEP19 190 CALL.
Home De-PutHit the trendline from the ATH today and closed the final gap from the April decline... Now looking at resistance from April top, the median line from the channel and peeking into overbought territory on the daily. Will probably make some kind of double top here so I'd at least wait for some kind of bearish divergence on the hourly chart before entering short.
Bearish bat reversal zone extends from 205.75 to 211-ish.
HD Round upHD is forming a rounding up pattern, this is a strong pattern and is showing alot of symmetry on the chart. Looking for this to run up to $206 for %4 gain. With a stop alert around $194
I don't really see HD going bearish from here2 bullish candles in a row. Not a ton of volume with those candles, but I think it's a pretty strong bullish signal. I'm looking for a small pullback for my entry into this trade.
Let's try this againI tried this bearish a week or two ago. I still think there is a bearish edge here so I'm going to give it another try.
Home Depot: Domestic Consumer Retail EarningsI don't usually play earnings roulette, but I was willing to with HD. They're a US domestic consumer goods retailer, and they're going to be the recipient of goods more favorably prices for domestic consumption than international trade.
The technicals look good, they've been growing earnings consistently, and membership on the DOW30 does favor them for having a solid and reproducible formula for success.
Also, this could go completely the other direction, but they're so large that it's going to drive tomorrow's market direction overall whichever way it goes.
head and shoulders?hd very bearish if can't close above 192.65 on daily on monday, strong short. sets up perfect head and shoulders with april 2019 and jan 2018 shoulders.
Why are we on our way down? #HOME DEPOT#HDAs you can see in the graph above, we have Head And Shoulders Pattern, in one sentence which indication gives us? a head and shoulders pattern describing a specific chart formation that predicts a bullish-to-bearish trend reversal.
For this reason, we recommend a sell signal with a target of 170.
$HD BEARISH PERSPECTIVE GOING INTO EARNINGS.We must have a look at the Bearish perspective on HD as we go into the much anticipated retailers earnings reports this week. Spring is like christmas to Home Depot, home improvements , and in particular planting season for gardener, this year however, mother nature has not been kind which will have a impact on earnings.
Secondly, longer term is it possible the end is in sight for this economic cycle, house prices have started to stagnate and HD is very much dependant on continued homes sales .
Home depot is also very highly leveraged with debt, which has been overlooked as growth and revenues have increased, this will be to the forefront if growth stalls.
From a charting perspective, things to consider=
We could still be in correction and entering into the C wave
RSI uptrend has broken since early may
B Bands signal downside risk
7/12/26 mas all negative.
Possibility of a major H&S forming from Jan 18
Wait, yall are bullish on this!?About to break the 50 and crash straight to that 200. thats 157-158ish. SHORT this horse selling relic.
THE WEEK AHEAD: HD, HPQ EARNINGS; ASHR, GDXJ, EEM PREMIUMEARNINGS:
HD (33/24) announces earnings on Tuesday before market open; HPQ (68/38), Thursday after market close.
Although the rank/implied metrics are less than stellar, pictured here is an HD June 21st 180/185/200/205 iron condor paying 2.13 (1.06 at 50 max), expected move break evens, and delta/theta metrics of -2.22/2.96.
Alternative Trades:
June 21st 180/205 short strangle, 2.48 credit (1.24 at 50 max), one standard deviation move break evens, 4.33/9.35 delta/theta metrics.
HPQ is a bit hard to work with given its size, which imply that the only way you'll get paid to play is via short straddle. The June 21st 19 is paying 1.60 (.40 at 25 max), with expected move break evens and delta/theta metrics of -5.00/2.23.
Alternative Trades:
June 21st 18 short put (bullish assumption; potential acquisition play), .45 credit, 29.78 delta, cost basis of 17.55 if assigned (a 7.9% discount over where the stock was trading at Friday close).
EXCHANGE-TRADED FUNDS SORTED BY RANK/IMPLIED
Top 5 By Rank: ASHR (57/30), GDXJ (50/28), EEM (41/21), GDX (40/34), SMH (37/29).
Top 5 By Implied: OIH (34/34), EWZ (27/34), XOP (22/31), XBI (35/31), ASHR (57/30).
We're a bit close in time for June setups (33 days) and a bit far out for July (61), so would probably wait until the July monthly is closer in time in the absence of absolutely desperation to pile on theta to burn ... .
$HD Possible long term H&S$HD Possible long term H&S
Monitor for a close below $193 support level. Next key supports at $180 then $170.
ER coming up late May
Note: Informational, not investment advice.
