Another stock that's getting tight and ready to breakout.
HOME DEPOT has bounced down from the double top all time high level. Also, there is a strong daily level exactly where the stock price is trading right now. One might find a reverse head and shoulders pattern forming, with a current expected move down creating the right shoulder. The target is a strong horizontal structure support level. Don't forget to hedge...
$HD hit the pivot resistance yesterday. Regardless earning results will be announced next week, after hit the pivot it is pulling back and holding above 20SMA so far with a bearish candle though. If it cannot stay above, there are support1 and support 2. if you find my charts useful, please leave me "like" thx
$HD looking like a good short here -- ascending wedge with heavy overhead resistance nearing.
✨ New charts every day ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Home Depot has been doing business through COVID, earnings were good last quarter and expectations seem reasonable for this quarter's earnings on the 19th. Assuming this uptrend continues until earnings, there should be a a nice scalp long or two in here. Let's look for a setup....
Purchased Calls in Home Depot (HD) I am not licensed or certified by any individual or institution to give financial advice. BTO 4 Calls of Home Depot on May 01, 2020. Stock Price--$218.18 Expiration: May 15, 2020 (May standard) Strike: $220.00 Cost of Trade/Ask Price: $5.45 This one is going to be a quick turn around due to short term Expiration. I think...
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few of my insights. Home Depot has been recently bullish in terms of analyst calls, and obviously as a short pattern the next target for a quick turn over should be around the $225 mark. Yes, this may have long...
Ticker: $HD Notes: HD has entered a zone which is above a nice price level. It also entered this zone with strength. Possible opportunity for continuation here!!! xeenos trading - sending positive energy to all those watching
Follow up to the watchlist chart I posted yesterday. Absolutely beautiful intraday pattern around our key levels and BOOM - LOVELY TRADE! Yesterdays Watchlist video also referenced below
Long until next resistance $238
If it can hold range looking for reversal after dump. Currently hanging on to 50MA and the .5 retracement - bottom of support range lines up with the 618 retracement level as well.
HD has been working on a short-term bottom since December 2019. It is now poised to test the previous all time high level again.
HD I have it as a BUY today by my indicators. I could see it going back to retest the highs. Coming off support at the 200sma. Volumes good for 1/2 day. Earnings behind you. MACD crossing higher. Supporting MA's crossing bullish. I like it.
Price is forming a falling wedge which tends to indicate a bullish move. We will be waiting for price to break the wedge for a bullish confirmation. If price breaks the wedge trendlines, we can expect price to push back to $223.50s