HD EARNINGS TOMORROW LONG There are numerous earnings due out this week. Home Depot is one that should have no problem beating earnings. I suggest doing a call option.
HD trade ideas
Home Depot Long Into earnings $hd
Possible upside targets $253 - $288
Very strong V shaped recovery, pointing to a ATH in the days to come.
Stay at home economy a strong stimulant to the sector as home improvement and gardening gets huge pickup.
Lets have a look at the indicators for guidance as
HD Building up for great EarningsCALL LAND all day. Summer time is near. Outdoor activities on rise.
DIY at a maximum output (PIN)
Home Depot $HD - Key Levels NextAt top of range but can breakthrough, keys to look at. It is at Top of BB band and has usually respected that. Healthy pullback very likely. Thing is though, post pullback, I believe we approach that 239 range and beat it. If we break, which is often what is occurring with HD, we likely go further and test ATH. Will follow up on this when the time comes. Check out the strength in this stock! Wait till pullback or set a buying area, I say between that buy zone I placed to begin accumulation.
$HD is now in the short zone$HD looking like a good short here -- ascending wedge with heavy overhead resistance nearing.
HD - time to pullback, stochastic will turn lowerI try to make only technical-based decisions, but let's be honest, sometimes it is difficult to keep our biases at bay. This is my case with HD. The blue line shows a possible resistance area, and I see no reason the stock should be up this high. Stochastic has been elevated and soon will head lower. It might be a real downturn or a pullback to the 20sma. Either way this makes a good swing trade.
HOME DEPOT ($HD): Essential Business Uptrend Scalp/Swing✨ New charts every day ✨
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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
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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.
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.
$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.
HD Bounce off 200smaHD just ran into its 200 sma as resistance, i believe this will cause a bounce back to the 207 range within this week. 207 is where the rest of the moving averages are converging and where a potential pullback will go to.
HOME DEPOT - Possible 2nd day Opportunity! Quick recapTicker:
$HD
Notes:
HD has entered a zone which is above a nice price level. It also entered this zone with strength. Possible opportunity for continuation here!!!
xeenos trading - sending positive energy to all those watching
WHEN A PLAN COMES TOGETHER!! MUST WATCH $HD Home DepotFollow up to the watchlist chart I posted yesterday.
Absolutely beautiful intraday pattern around our key levels and BOOM - LOVELY TRADE!
Yesterdays Watchlist video also referenced below
HD - swing puts - watch price and RSI on dailyThe 20 SMA shows a downtrend on the weekly and 30min chart. Price has come up to 10 SMA on the weekly, and in a strong trend the price may not rally back up to the 20 SMA. I am looking for price to head lower, back to yellow support line, maybe lower.
Right now I am only taking a small position because on daily chart the 20 SMA is still upward, so I am watching for this to turn down and RSI will also head back below 50. Then I might add more puts. Otherwise price could head a higher (towards weekly 20 sma).
I bought 5/15 expiry 180 strike. Support (yellow line) is around 186. Remember that time matters. If stock takes too long to move lower, you can exit position and reenter later. Another strategy is to take profits if stock moves towards support, and then open a later expiry if it breaks lower.
home sweet home: Home DepotHello People,
the price movement of Home Depot shows a normal three waves correction. It ends at the 61% Fibonacci.
There is a chance to catch the next big downwards movement.
May the force be with you
$HD -- Possible bearish ascending wedge/bearflag$HD -- looks like a nice bearish ascending wedge/bearflag on the daily
May challenge historic lowsAlgorithms are soaring with new sales
Buying after a crash
no trade
wait long
historic lows and crash
