Trading ideas for the Home Depot, Inc. (NYSE) 23.11.2020
The overall trend is upward. The stock is trading in the range of the lower limit of the accumulation zone. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition.
#HD rate online: monitor the price movement in real time.
Trading recommendations:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the truncated descending pattern.
Stop Loss under the local minimum of the descending pattern (268.50).
Target levels: 288.80; 292.00.
