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Trading ideas for the Home Depot, Inc. (#HD)

10.04.2020

Market Review

#HD

The stock is trading in the range of 365 and 135 moving averages directed downward. An ascending truncated pattern has formed. MACD shows a bearish divergence, Stochastic Oscillator signals overboughtness.

The #HD rate online: monitor the movement of shares in real time.

Trading recommendations:

Sell while a descending wave pattern is forming, where the wave (A) breaks through the inclined channel of the ascending pattern.

Stop loss beyond the price pivot zone of 206.00.

Target levels: 175.00; 155.00.

Author: admin
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