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HDI trade ideas

HD MACD Divergence play + they bought a BOAT!White is the preleminary key code I made - Most probable because Price action has bounced off the 20 EMA at the current price level. Blue is a more recent and aggressive key code. Orange is litterally the move right behind the current one. If you follow any of the videos I make I talk about my millionaire mentors setup for Divergence plays. You will notice about the time all the option chains end I tend to make a video about a divergence play. Because, when all else fails, finding thorough bred stocks like HD, GS, RRR, ACM that only move across the top of the Bollinger Bands on the Daily , when combined with a dip down to the bottom BB creates a Divergence almost every time. These Divergence plays are the strongest plays and have a high success rate. the trick to them is giving them enough time to pan out. 32 Days is the avg amount of candles it takes to finish a complete move from one BollingerBand to the next. That said HD is creating a huge divergence play. Setting up for perfect timing as they just had to adjust all their profit expectations all the way through 2022! Demand and backorders for product is so high for Home depot they had to buy not rent, not secure a larger portion of cargo containers on a boat.....But buy an entire Cargo Freight Liner to go and pick up all the product they need for their stores so that they dont have to continue capping the amount of product to each store to sell. Just so every store gets a chance to sell the product. The next 1.5 years for Home depot is going to be another major Growth Period for them. Between them and Lowes they command 30% of a sector for Home improvements which is nearly 800billion dollar industry to date. Which is said to become a $1 Trillion Dollar industry by 2022! Its all because americans love to spend money on fixing their houses. Covid made them stay in their homes and actually spend time looking at everything that needed or could be upgraded. With Free Time and Money in form of Stimulus Checks, guess where they spent both. Now that restrictions have been lifted and people are getting back to normal work conditions spending in these areas are said to increase and continue to grow as new living conditions and habits have been made. People will go out and reintegrate themselves with society but a even stronger devotion to home has been made. Thats all I have , happy trading and pls comment , like, subscribe as its the only way I know you actually enjoy charts like this. Thank you, by iCantw84it 06.16.2021
NYSE:HDLong
by iCantw84it
HD Divergence play with KeyCode Paths + they just bought a SHIPMy millionaire Mentor Richard taught me his divergence play set up and said if HD ever comes down start looking for Divergence.... So here we are. We have Divergence and Keycode is set to a strong play in the past where price action is contained inside of it at at least 95% or better. I made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past Trend Prediction by tracing the trend it made after this move in the past and projecting it forward on to the current move. Then I took the same move on the Daily which is a different Time frame then the first..and found the same move with out a key and traced its path and projected it forward as well. Sometimes I use about 5 other Price Action tricks I have have developed over the last 10 months or chart out the Curve and what Stage it is in. The Curve is my own brain child and I compare that to Wycoff method. Taking all of these into account You have several different approaches to confirming direction and intent of the institutional buyers and where Retail resides during this move. If you would like to have more information or videos on Any of the ways I chart pls comment below. Like, follow, Subscribe...share. Thank you, iCantw84it 06.15.2021
NYSE:HDLong
by iCantw84it
2
Home Depot Undercuts and Holds Recent LowHousing stocks like Home Depot pulled back hard in May as the real estate market slowed. However, the bears may be throwing in the towel. The main pattern of interest on this chart is support materializing around $310. This was near the low on May 19, the same session that HD bounced at its 50-day simple moving average (SMA). It’s also near a price gap on April 5, immediately after the long Easter weekend. While this price area isn’t very obvious, stabilization here could be bullish. After all, HD just broke support at its 50-day SMA. That should be bearish, but where are the sellers ? Perhaps there are none. Next, housing stocks were overbought a month ago and had a sharp pullback. (HD’s 7.1 percent crash on May 11-12 was its worst two-day drop in over a year.) But now volatility is ebbing. Finally, stochastics have been in oversold territory. The overall macro environment remains positive for housing. Interest rates have calmed and the economy continues to improve. Numbers like starts and sales were very weak in April, but the underlying supply/demand balance remains favorable. That may draw more buyers to HD in coming weeks if it remains above the $310 area. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview ​for more.
NYSE:HD
by TradeStation
Follow-up analysis $HD positionNYSE:HD One thing I do different about this specific option strategy is the trade analysis that I do for trade management. This would determine if I exit early at half of the debit or see it to expiration and risk full loss. Initial trade set up triggered entry 04/21 Debit Put Spread $300/325 14 May 21 expiry. Price needs to be below $325 at expiration for this trade. Since Price is showing weakness and overextension. Holding this spread 'til expiration.
NYSE:HDShort
by EllaineEscueta