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

27.12.2019

Market Review

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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