Home Depot, Inc. (The)
Long
Updated

Home Depot Classic Top Breakout/Cup & Handle

218
Home Depot setting up for a top bullish breakout. You might call it as a cup and handle as well.
1st Profit Target: 365
Stop Loss: 335


Never forget to manage your risk and ensure the broader market has your back.
Note
HD is up today and pushing on the breakout line, i will set a buy stop at yesterday high
Note
I triggered a buy to open today, if you missed it, tomorrow at the open will be a fine entry.

If the market opens lower, wait until the price beats yesterday's high before you open your enter entry.
Trade active
The stock began a breakout attempt as hoped for today. I opened my position premarket today. If you need to get in still, look for a bounce from 349-350ish.
Trade closed manually
I moved my stop up to 350.50 yesterday and got stopped out for a break even today. I was feeling a little iffy on the amount of juice this stock has right now but ill continue to keep an eye on it. If you still have a position in HD, I would say its still in a decent place for a breakout

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