A price action below 371.00 supports a bearish trend direction.
Increase short exposure for a break below 367.00.
The target prices are set at 357.00 and 351.00.
The stop-loss is set at 380.00.
Breaking down the 23.6% Fibonacci retracement at 361.00 might trigger such downside potential.
HD has been on a run recently but I don't think it's close to finished. I think long term this is trending to 470 to complete the Harmonic. Long!
Not financial advice, good luck to all :)
Take note of NYSE:HD 5 Month uptrend. Based on Mark #Minervini criteria and economic conditions where interest rates are high. Home upgrades tend to remodel or renovate their homes. Study $ANF. LONG!
Home Depot ( NYSE:HD ) finds itself navigating rough waters. The retail giant recently delivered a sobering forecast for 2024, projecting results below analysts' expectations. As demand for home remodeling fails to pick up steam, Home Depot ( NYSE:HD ) braces for a year of sluggish growth and intensified pressure on its bottom line.
Unveiling the Forecast:
Home...
HD is testing a breakdown of the channel here, we have had a washout to the upside previously. I would look for a weekly candle body extending past it for bearishness.
I think the trend remains strong personally.
Home Depot, Inc. (symbol ‘HD’) share price had a spectacular steady growth in the latest quarter managing to rise by around 25%. The company’s earnings report for the fiscal quarter ending January 2024 is expected to be released on Tuesday 20th of February, before market open. The consensus EPS is $2.73 against $3.30 in the same quarter last year.
‘The company...
HD is one of my current core holdings that I averaged into during the crash last year. I have always liked the company fundamentally, and even have had success trading options on the stock as well. HD is above the golden fib (strong momentum) and has risen despite market turmoil. Even though tech is the favored sector right now HD has continued to rise. There...
NYSE:HD benefited greatly from the pandemic lockdown and the numerous stimulus checks that over-stimulated all nations' economies.
The stock has now moved above its trading range and has sustained, aka held onto, those gains.
This patterns out the excessive revenues and earnings that were inevitably unsustainable for all of the companies that benefited from...
Weekly timeframe shows that this stock is likely to pullback to my level of support highlighted on the chart.
I need that level to be tested before deciding on what to do with this stock. If we reach that level, I'll assess market conditions and momentum to determine if it's a low risk entry. There might be a chance of further declines as shown with my second arrow.
hello freinds
this chart we chows that this market will know an uptrend on next days when i recommend buying but don't open the opposition after across a level of 355
goodluck
for mor informations please see the chart
Breaking through the duplicated trend line indicating very bullish momentum. Likely to retreat back to the rising channel. Currently in a flag pattern on a 1h chart. Areas plotted to look out for, combined with daily and weekly moving averages to be used as S/R confluences. Analyst target at 356 USD.
Home Depot began in 1982 at $0.03 per share. Imagine buying $1,000 of NYSE:HD in 1982, which is now 334,000 shares, which is worth $118M and pays you $2.8M per year in dividends.
Home Depot opened up the first store in 1979 and IPOed in 1981 at $12 a share. It then with all the splits averaged to $0.03 a share.
This stock is up 1,000,000% since IPO.
Wild...
HD is one of my core fundamental holdings that I averaged into during this market crash last winter. The stock has been ranging between these two blue horizontal lines. There appears to be enough momentum to breakout here and I am definitely still long on the holding. My target short term is 347$ to fill the gap.
Home Depot (HD) exhibits several bullish indicators that suggest a potential upward trajectory. Firstly, the company consistently demonstrates robust financial performance, with strong revenue growth driven by increased consumer spending on home improvement. Additionally, HD's market dominance, extensive store network, and successful online presence position it...
