HOME DEPOT INC stock forum
Price action will most likely follow the permits as they are forward looking.
I expect there could be a small pull back yet or consolidation period before climbing back up.
These numbers look good though going against
-%0.2 construction spending 3-3-25. If we get a positive report on construction spending on 4-1-25 we could recaputre some of the recent lost ground.
Overall thoughts for now is consolidation 340-360
Good april numbers we break higher, bad we look for 325 and below
🔥 Scalping Strategy for Home Depot (HD):
🩸 Buy Zone: $387.00 - $390.00
🩸 Sell Zone: $395.00 - $400.00
🩸 Stop-Loss: Below $385.00
🩸 Breakout Targets:
Above $395.00 → $400.00 (+1.3%)
Below $387.00 → Short to $382.00 (+1.5%)
👑 Trade Rating: Short: 9/10 | Long: 6/10
🔥 LucanInvestor's Quote:
"The trend is your ally—never fight it blindly."
🔥 Potential:
🩸 Near-term Goal: $389.89 (1-2 months)
🩸 Long-term Goal: $404.80 (3-4 months)
🔥 Strategy:
🩸 Short: Below $389.89 for $380 and $370.
🩸 Long: Above $404.80 for $410 and $420.
🔥 Commands:
🩸 Resistance: $404.80
🩸 Support: $389.89
👑 "Act with clarity."
