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HDI trade ideas

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
HD - bulls need to hold the lineI reviewed this chart the other day, I liked the volume and the trend line confirmation (3 touches). But with the v-rally selling off by about 50% I have my guard up. We're seeing continuously high volume here, higher than the previous visits to the trend-line. I'm not quite bearish here. But I wouldn't advise a swing entry until we revisit the trend line and prove we can hold it. We closed Friday near low of day, which leads me to believe we'll visit the trend-line either Monday or Tuesday. If we can hold that level I still like the risk reward. My line in the sand is a close below $216.88
NYSE:HD
by danbeaulieu