Home depot had a great run when whole market was red. It has finished its 3 week bull run and now has ended in oversold territory. Recently broke a bull flag. Overall trend in home run is long but it will do a pull back soon . Till 291 level and then i am hoping that it will bounce.
I am going to start a call credit spread 21 days ahead, or but a put. I am short term bearish on HD.
I am going to start a call credit spread 21 days ahead, or but a put. I am short term bearish on HD.
Comment:
that green candle without any wick gives me indication that it will have a red day