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HD trade ideas

Symmetrical Triangle - UpdateHD catching my eye here after it bounced off the long-term uptrend it has been holding- Currently sitting right on its 200-day EMA, seemingly looking to reclaim and close above the .786 FIB level, MACD cross on the 4-hour, forming a big symmetrical triangle while also starting to break out of a falling wedge on the hourly timeframe. Additionally, HD formed a massive bullish shark harmonic pattern- Personally am bullish and will be looking for a breakout here (Broader Market Conditions Permitting) Just some FIB levels & RSI-based supply and demand zones to keep an eye on in the meantime - Previous charts are attached below - Bullish Shark Harmonic Pattern - MACD Golden Cross on the 4-Hour Timeframe (Not Pictured) - Breaking out of a falling wedge on the hourly timeframe (Not Pictured) - Sitting on the 200-day EMA as well as the .786 FIB level - RSI starting to get out of oversold territory with buyer volume picking up PT1- $360.68 PT2- $361.17 PT3- $362.12 PT4- $354.20 --Previously Charted--
NYSE:HDLong
by jacobosiason7
4
Home Depot coming back home. HD Short term outlook. One goal only. Bearish outlook for gains at 380 Flat in formation, nearing completion. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NYSE:HDShort
by Rykin_Capital
Home Depot 5-7% correction!The Rewards to risk ratio is not favorable! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:HDShort
by Moshkelgosha
7
$HD Home Depot Analysis & Key Levels $HD Home Depot Analysis & Key Levels If you’re buying this high up… good for you… but I’m looking down. Here’s a few target’s I’m watching and I’ll update if I take any positions… —————— I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2. —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. Have fun, y’all!! (\_/) ( •_•) / >🚀
NYSE:HDShort
by SPYder_QQQueen_Trading
3
Home Depot Inc. (HD) bearish scenario:The technical figure Triangle can be found in the US company The Home Depot, Inc. (HD) at daily chart. The Home Depot, Inc., commonly known as Home Depot, is the largest home improvement retailer in the United States, supplying tools, construction products, and services. The Triangle has broken through the support line on 08/01/2022, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 21 days towards 364.00 USD. Your stop loss order according to experts should be placed at 371.24 USD if you decide to enter this position. Wall Street will be looking for positivity from Home Depot as it approaches its next earnings report date. This is expected to be February 22, 2022. In that report, analysts expect Home Depot to post earnings of $3.22 per share. This would mark year-over-year growth of 17.52%. Meanwhile, our latest consensus estimate is calling for revenue of $34.68 billion, up 7.49% from the prior-year quarter. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:HDShort
by legacyFXofficial
Home Depot: A Deeper Retest Needed?Home Depot has been ripping higher as Americans spend on their homes. But now the chart may be pointing to sideways movement. First, consider the large bearish engulfing day on January 3. It followed a similar candle on December 8, which may indicate sellers are active above $410. Next, the two peaks have created a downward-sloping channel. The bottom of the pattern roughly corresponds with the $375-379 area where HD gapped higher on November 16. Will it fill that gap? Third, the lower high could suggest an ABC correction is starting. That could also point toward a deeper retest. Finally, the macro tide may be turning away from HD as the Federal Reserve grows increasingly hawkish. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:HD
by TradeStation
2