Home About the company Daily reviews Trading ideas for The Home Depot, Inc. (NYSE) 16.01.2020

Trading ideas for The Home Depot, Inc. (NYSE) 16.01.2020

The overall trend is downward. The resistance level of 225.50 holds back buyers. A bearish divergence was formed on the MACD indicator, and Stochastic Oscillator indicator showed an exit from the overbought zone.

Trading recommendations:

Sell below the support level of 222.40.

Stop loss for the resistance level of 225.50.

Target levels – 219.00; 215.20; 211.00.

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