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Homedepot

HOME DEPOT DOUBLE TOP +HEAD AND SHOULDERS FORMING- SHORTHOME DEPOT has bounced down from the double top all time high level. Also, there is a strong daily level exactly where the stock price is trading right now. One might find a reverse head and shoulders pattern forming, with a current expected move down creating the right shoulder. The target is a strong horizontal structure support level. Don't forget to hedge with long weekly calls when leaving position overnight to eliminate the gap up risk. Don't hold the options during daytime. Or just have your stop loss in form of options, if the price is right. This is more that a one week trade however, so monthly options as the most suitable. Like and subscribe for more analysis. It really helps me when you do that! Wish you all best of luck in your trading!
NYSE:HDShort
by ProSignalsFx
9
HOME DEPOT ($HD): Essential Business Uptrend Scalp/Swing✨ New charts every day ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Home Depot has been doing business through COVID, earnings were good last quarter and expectations seem reasonable for this quarter's earnings on the 19th. Assuming this uptrend continues until earnings, there should be a a nice scalp long or two in here. Let's look for a setup. Resource: www.earningswhispers.com --- 1. Fractal Trend is signaling an uptrend (Blue bar color) on the 30 minute chart, and that means we can take long setups with our strategy. 2. With the strategy, we are looking to open a long position after a reaction from either a bullish orderblock plotted by Orderblock Mapping or a S/R level plotted by Directional Bias. 3. S2 and S3 look like they will act as support in the current uptrend and offer us a great entries. 4. Our target for our S2 entry (Scalp trade) is a retest of R1, with our stop loss just below the previous gap from the S2 entry. 5. The target for our S3 entry (Swing trade) is the right below the previous swing highs at ~245, our stop for the S3 entry is set below the S4 levels as we expect those levels to support price if we have a correctionary pullback. 6. Exit any positions if stop losses are hit or if Fractal Trend turns bearish (Maroon bar color) indicating a downtrend.
NYSE:HD
by AlphaBotSystem
Home Depot (HD) BullishPurchased Calls in Home Depot (HD) I am not licensed or certified by any individual or institution to give financial advice. BTO 4 Calls of Home Depot on May 01, 2020. Stock Price--$218.18 Expiration: May 15, 2020 (May standard) Strike: $220.00 Cost of Trade/Ask Price: $5.45 This one is going to be a quick turn around due to short term Expiration. I think HD is good for the long term, but I chose this short term position for three reasons: (1) Affordability--Go too deep In The Money and it gets expensive really fast (2) Price of Stock proximity to Strike at time of position entry--Just a touch over two dollars puts me In The Money meaning a higher ROI in a shorter amount of time (3) Bid-Ask Spread price--I looked at the Spreads of other Expirations and other Strikes and didn't like them. This Spread at time of position entry was thirty cents ($0.30 or a $5.15 x $5.45 Spread). Most other Spreads on other Strikes were a couple dollars apart.
NYSE:HD
by AROD01
4
$225 Short Target for Home DepotFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few of my insights. Home Depot has been recently bullish in terms of analyst calls, and obviously as a short pattern the next target for a quick turn over should be around the $225 mark. Yes, this may have long potential but there are much higher growth stocks and I am simply looking at this from a day trading perspective.
NYSE:HDShort
by gamer456148
HD: Still in an uptrend, but large correction loomingI know this sounds crazy, but I have been eyeballing HD for potential Short for a bit. Home Depot is a leading indicator that the economy or housing market is taking a turn. If we see the economy and housing market pull back near the end of 2020 as many predict, we could see a correction all the way down to its larger, ascending support, all the way down to the $180-185 range. Here's how it may turn out... forgive my cool arrow art. We are currently in a short term uptrend, howver, the current support line has broken through. This could simply be a throw under as we have bullish divergence on the daily and the FIBs show a nice rebound zone here. I think we may see home depot pop back up again temporarliy. However, if we do not establish a higher high, or hit the same high as before and start a double top pattern, we could be in for a ride down to the major support line.
NYSE:HD
by infbp22
HD Long PositionPotential long entry for HD is in the works. The stock has seen a recent drop due to the latest earnings report. After losing ~10% due to the negative market reaction, there may be an opportunity to go long. I've taken note of the following: - Approaching 200MA which can serve as support - Chart is currently along the lower bollinger band - Stochastic indicator is under 20; if it curls upward over 20 this can be a bullish sign - RSI is oversold @ 30 I'll be keeping my eyes on this to see if there is a partial reversal in store
NYSE:HDLong
by GGfx
Home Depot downgraded from 'buy' to 'neutral' Home Depot was downgraded ... it's already down about 1.3% pre-market. Looking at the 4 hour chart, HD has been in an ascending channel since December of last year. It recently bounced off channel resistance, and this downgrade might cause it to fall to channel support. In addition to the channel, notice that the RSI is overbought. Combine all that with the downgrade, and this might be a good shorting opportunity. I may purchase a couple put options and ride them down for a week or two.
NYSE:HDShort
by Bankuur
4
Analysis of HOME DEPOT 29.08.2019The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 222.60 • Take Profit Level: 226.60 (400 pips) If the price rebound from resistance level, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 216.90 • Take Profit Level: 216.00 (90 pips) USDJPY A possible long position at the breakout of the level 106.30 GOLD A possible long position at the breakout of the level 1550.00 USDCHF A possible long position at the breakout of the level 0.9830 GBPUSD A possible short position in the breakdown of the level 1.2155
NYSE:HD
by PaxForex