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Trading ideas for The Home Depot, Inc. (NYSE)

The general trend on the H1 timeframe is downward. The stock is trading in the range of 150 and 365 moving averages. A bearish divergence has formed on the MACD indicator, and the Stochastic Oscillator indicator showed an exit from the overbought zone.

Trading recommendations:

Sell below 219.00.

Stop loss - 222.00.

Target levels - 215.20; 211.00.

Author: admin

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