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completed a wxy correction where Y = 1.618 of W. Daily divergence on rsi + macd about to cross. PTs on chart
Expecting it to move upward as the candle has turn weak on bearish movement. Make sure to use SL & TP, i never hold trade. Drop me a message for SL & TP, it is free. Suggested entry 261.27 *** Faster update and info --> T3l_gr_m (Underground Analyst)
The drop in home depot now has two legs down and are equal based on a % decline .I am now net long 75% .and a positive divergence at the low on the daily rsi
These 2 daily lower wicks dipping below suppurt and regaining has my eyes open!
But the market is throwing us some curve balls so we may see this trend break lower. I took my meager profits and went to cash, waiting for an all-clear. This is a waaaay over-sold stock in solid company. From the chart we can see clouds ahead, but I respect this company enough to see it break above, at some point. Just not at this exact moment.
Too many catalysts working in HD's favor. RSI dropped extremely low today. Picked up 257.5c. Riding this out according to these channels. Should see sells / tests on each line. As the market is bullish I see no reason why HD can't break through with enough volume. Cheers.
This is a HD's daily chart. Had a false breakout, and it is now retracing. Price also bounce of 50MA on the Weekly chart. Looking to short it when price reaches 270 level. It should also coincide with the 20/50 MAs. Stoch RSI should also reach overbought (80) level. If price continues to trend higher, then it might go back to 280-285 level i.e. the high of the...
The PEAD projected a slight bullish outlook for $HD after a negative under reaction following its earnings placing the stock in drift D If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Long HD Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the...
Trying to break out of recent range on daily. Nice flag formation. Holding above volume shelf. Breakout should be good for another 50 points above ATH.
if HD breakdown the channel, could fall down to target area.
Target - green box Invalidation level - red line
I believe if hd goes above 279...it will reach mid 280 soon after
Do you think HD gonna hit 300 before earnings ??