inco1

Caution on the breakout HD

inco1 Updated   
NYSE:HD   Home Depot, Inc. (The)
4
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
Comment:
not 155.13 155.32!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.