HD bearish scenario:
🌟HD bearish scenario:
We have technical figure Triangle in US company The Home Depot Inc. (HD) at daily chart. The Home Depot, Inc., commonly known as Home Depot, is the largest home improvement retailer in the United States supplying tools, construction products, and services. The Triangle has broken through the support line at 18/11/2020, if the price holds below this level we can have possible bearish price movement with forecast for the next 4 days towards 263.44.00 USD. Our stop loss order should be placed at 281.29 USD if we decide to enter this position.
💚fundamentals-
The retail sales report released by the Commerce Department showed spending decelerating as the holiday shopping season approaches amid a lack of forthcoming fiscal relief from Washington.
We have technical figure Triangle in US company The Home Depot Inc. (HD) at daily chart. The Home Depot, Inc., commonly known as Home Depot, is the largest home improvement retailer in the United States supplying tools, construction products, and services. The Triangle has broken through the support line at 18/11/2020, if the price holds below this level we can have possible bearish price movement with forecast for the next 4 days towards 263.44.00 USD. Our stop loss order should be placed at 281.29 USD if we decide to enter this position.
💚fundamentals-
The retail sales report released by the Commerce Department showed spending decelerating as the holiday shopping season approaches amid a lack of forthcoming fiscal relief from Washington.
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