Trading ideas for the Home Depot, Inc. (NYSE) 27.04.2020
The price pivot zone of 212.20 deters buyers. The ascending wave pattern is truncated. A bearish divergence has also formed on MACD.
Trading recommendations:
Sell while a descending wave pattern is forming, where wave A breaks through the inclined channel of an ascending pattern, completing it.
Stop loss beyond the local maximum (212.20).
Target levels: 191.00; 175.00; 155.00.
The #HD shares online: monitor the movement of the shares in real time.
