Home Depot Stock Market Supply And Demand AnalysisDaily downtrend waiting for pullback into supply before looking for shorts.
Hopefully the Stock market can give a correlations trade.
HD trade ideas
Home Depot Bearish Divergence Playing OutHD weekly chart had a bearish RSI divergence. The stock started breaking down on November 18th & has broken down through the support trendline this week as it nears the first potential pullback level.
There is a lot of call activity in this name today in the January 3, 2020, $230 calls.
HD Long PositionPotential long entry for HD is in the works. The stock has seen a recent drop due to the latest earnings report. After losing ~10% due to the negative market reaction, there may be an opportunity to go long. I've taken note of the following:
- Approaching 200MA which can serve as support
- Chart is currently along the lower bollinger band
- Stochastic indicator is under 20; if it curls upward over 20 this can be a bullish sign
- RSI is oversold @ 30
I'll be keeping my eyes on this to see if there is a partial reversal in store
HD bounce off of 213.90, Target climb to 217$.This trade is definitely risky due to market volatility pero ni pedo compadres!
BUY HD Its holding resistance Could break due to economic news tomorrow so watch that but looks to be setup if it holds for the end of the day
$HD Broken trend with huge volume suggest further decline to 214Strong drop from the top at 239.3 broken YTD trend - test and confirm break - most of indicators are over sold as it has more than 10% correction from recent top . its looking to close previous gaps at 214.8 - 208 -204 stoploss for this idea at 223.5
RISKY long on HD.. are you in?..Recommended 30% risk only .. i.e. usual trade for this size ticker is 1000 shares, go in small at 300 shares and trail this one on the way up.. catching a sharp knife, trying to pick the bottom - so relatively tight stop and either it goes or it doesn't!.. see chart -- close up view in comment section.. Happy trading!
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
Home Depot friday trade setupEntry level $223.45 = Target price $230 = Stop loss $ 221
7&12 MA's crossing a reliable buy signal.
Middle bollinger band support as the upper and lower expand.
Nice reversal off support lets see if it can continue, trade will be abandoned on any market weakness.
HD Daily range playWatching a solid support develop on the HD Daily. Increasing bullish volume off of near oversold earnings sell off. Bounced nicely off of lower support showing similar RSI levels previously on the same trend line. Volume profile giving hints of little resistance back to the top of channel.
All Rise Home DepotIt’s time. Structural support, oversold, bullish stock. It’s time for a rebound folks! Home Depot for the long run.
LONG SWING HOME DEPOT 1DFUNDUMENTALS
weak earnings but bullish overall gives opportunity for discount buy.
TECHNICAL
1.On the 150 EMA that the price bounced the previous times
2.STOCKASTICKS oversold
3.Strong support at 215-218 level
wait for a confirmation of reversal
R/R is good.SL below the 150 EMA
Home Depot - channel trading strategy, potential longThere has been an aggressive selling of the stock for the past few days. The price now reaching toward the lower trendline channel on a daily chart.
Stochastic shows on oversold position.
Look for confirmation of price reversal at the support level and combine it with a golden crossover from stochastic which suggest a buying opportunity.
Otherwise the price might continue to fall further.
Waiting for HD to drop to $214 for a bounce playHD reported earning recently and was slightly under eps.
Overall, the materials industry has been taking a beating but we recently got some good news about building permits and home data being up.
plus if they market holds the $310 level and bounces, it will probably take HD with it.
in addition to that, HD has dividend coming up so we can see a dividend run too.
HD at support BUY opportunityHome Depot seems to be entering a solid buy range to rebound off of trend in holiday season.
HD Trend ReversalHD has broken trend and appears to be over valued. Divergence suggested earlier that this move would happen and it has. A move down to a consolidation level would be my guess. I have no positions in this underlying but will get short on a retracement .5 or .618 level if price tries higher.
GL
