I know this sounds crazy, but I have been eyeballing HD for potential Short for a bit. Home Depot is a leading indicator that the economy or housing market is taking a turn. If we see the economy and housing market pull back near the end of 2020 as many predict, we could see a correction all the way down to its larger, ascending support, all the way down to the...
Daily downtrend waiting for pullback into supply before looking for shorts. Hopefully the Stock market can give a correlations trade.
Potential long entry for HD is in the works. The stock has seen a recent drop due to the latest earnings report. After losing ~10% due to the negative market reaction, there may be an opportunity to go long. I've taken note of the following: - Approaching 200MA which can serve as support - Chart is currently along the lower bollinger band - Stochastic indicator is...
Hello everyone, I found a shorting opportunity for HD, bouncing down the channel line. We can short and close in the next days.
Home Depot was downgraded ... it's already down about 1.3% pre-market. Looking at the 4 hour chart, HD has been in an ascending channel since December of last year. It recently bounced off channel resistance, and this downgrade might cause it to fall to channel support. In addition to the channel, notice that the RSI is overbought. Combine all that with the...
We anticipate a right shoulder completion no later than end of q3 2019, followed by a move down to the solid black trendline illustrated in our previous post (1985 to present). Eventual weekly chart target: ~$138.
The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 222.60 • Take Profit Level: 226.60 (400 pips) If the...
Earnings are coming up ( be careful not to get caught gessuing). IF EARNIGS DO NOT EFFECT THE MARKETS. I see a potential short into a bigger cluster of buyers and sellers @195 and ultamately bouncing and following the trend upwards. I would keep this on the watch list. IF EARNINGS ARE GOOD *** I would buy calls and stock for long term investments as fas as...
HD stock make a pullback on an uptrend toward 20 MA - Price respect 20 MA and bounce - A bullish candle confirmation - Price also retest last resistance that became support at $211 -TP $220 -SL $209.5 (This price target are used for HD option swing trade )
What goes up, must come down. While this is not always true in this world, it's much more likely than not that a parabolic movement will eventually see a sharp, then lengthy, dwindling correction before it continues upward. This may seem like a crazy chart, but there are some unavoidable signs that the housing market is slowing down. Some experts are now...
Home Depot (HD), Monthly chart: Triple divergence on RSI(14)
HD 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.
As 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.
Patterns observed in various homebuilder stocks, not limited to Home Depot, run concurrent with anticipated cyclical moves in US and International housing markets. A move down to the solid black trendline, within 2 years, would validate our overall macro view.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
This one looks like it wants $64 but could bounce higher before. Keep earnings in mind.