HDI trade ideas
Law of gravity - things eventually need to come down..Home Depot reached an all time high last night after months and months of climbing.
This was a beautiful sign for traders to take short positions and bring the stock back to correction.
Today at its opening, it dropped 2%.
Entry: $212.3
Exit: $209
Return: 1.5%
Home Depot breakout out!Home Depot NYSE:HD is the only stock in DJ:DJI that is breaking out this week.
Home Depot BreakoutHome Depot might break out if it makes it past the first yellow line. It will easily breakout to $203 if it passes the second yellow line***. I'm banking on HD making it to $225 within a month.
These estimates based on the C&H, H&S, and Historic floor/ceiling.
Cup & Handle VS Head & ShouldersDefinitely Head and Shoulders. I'm super new at this, if you see a way I can improve my chart please comment.
The stock will likely hit support levels from APR to MAY.
Home depot trade ideaAnalisa
Technical view:
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HOME DEPOT
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+ UPTREND masih valid
+ Harga pullback ke inner trendline
+ Trend daily ialah uptrend
Highlights
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Home Depot Posts Strong Earnings, Raises Its 2018 Guidance
Market Realist•August 14, 2018
Trade idea:
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BUY zone 180-183
Take profit 1 @ 210.00
Trail profit if price break out all time high.
Risk 2%
Anyone else seeing #RisingWedge on $HD? Might have a good pre-ER run but will be not be taking a position on this monster on ER.
HD - Potential for New HighsA bounce here would make gap fill and potentially new all time highs possible.
HD: One of the best looking c&h setupCannot get any more bullish than this. This one is JUST ready to blast off. Don't miss it.
Home Depot on its way to test the ATHlong after a horizontal resistance breakout, on its way to test the all times high. following a cup and handle
Home Depot (HD) BullishI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.
I am calling Home Depot (HD) Bullish. I know this chart may seem cluttered, but there are several bullish indicators I see so please bear with me....or bull with me...or...never mind. Anyway, let's first look at the solid purple line. That is an Up Trending Support line. I have marked different places with green arrows and numbered them. If you look at green arrows number one and two along the purple Support line, and then find their corresponding numbered arrows above (look more toward the middle of the chart) there is a fifteen dollar ish ($15 ish) increase when it bounces off the purple support. Using that as a historic standard I have also drawn green arrow #3 at a bounce off purple support and a possible target for future Resistance, and drawn a purple dotted line to give a better target visual. However, it will need to clear the Resistance from January 26 & 29, 2018 (orange dotted line) to make it to that target.
That is the up trend. The Cup and Handle is another possibility showing bullish movement. The blue dotted line is the most recent edge of the Handle/Resistance (from June 12 & 13, 2018) which HD cleared today (07-19-18); or at least it has as of this publishing. Hopefully it doesn't disappoint. :) The orange solid line shows a previous Handle/Resistance which it cleared and continued up.
Other bullish signs can be called a possible Flag or Stair Stepping movement. That is just because it goes up, and then drops to Support, and then climbs again. The S&P 500 is still in a bullish recovery. See my previously published analysis on that for a visual example.
Any questions or further insight, let me know.
Went LongMorning star is one of my favorite setups! Stop is close below the yellow price line! cheers
Home Depot Inverse Head and ShouldersTechnicals are looking good on this one.. NYSE:HD has room to run if the stock can bounce back to the $191.55 resistance. Stoch is nearing oversold territory and RSI is nearing a short-term trendline that should act as support. Volume dropping as the stock falls hints the bulls will soon come in, however, one must remember that high volume is not needed for a downtrend to continue.
I included a modified Modified Schiff Pitchfork and Fib retracement as HD has historically followed both quite closely.
Wait for a move to $191 or above before considering entry, I'd put a stop loss between $181 and $182.
HD Head and Shoulders pattern to the downside for 30 point moveLooks like a possible 30 point move to the downside on a head and shoulders pattern once short term uptrend line is broken. This would coinside with Fib Retracement level and Stochastic direction as well.
