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


#HD

The general trend is ascendant. Descendant wave structures are truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascendant wave structure forms, where the wave (A) breaches through the 292.46 level (pivot 2 of the wave C).

Stop-loss is under the local minimum of the descendant structure.

Target levels: 318.14; 340.53.

Author: GC
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