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Home Depot Trading Analysis (06/08/2024)

06.08.2024

Market Review

The trend is ascending. The stock is trading in the range between 365 and 135 ЕМА. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.

Trading idea:

Buy at the breach of 353.80.
Stop-loss at 345.00.
Price targets at 362.00 and; 372.00.

#usdcad #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

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