| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 389.00 |
| Take Profit | 412.00 |
| Stop Loss | 380.00 |
| Key Levels | 282.00, 350.00, 372.00, 376.00, 383.00, 389.00, 401.00, 410.00, 412.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 376.00 |
| Take Profit | 354.00 |
| Stop Loss | 382.00 |
| Key Levels | 282.00, 350.00, 372.00, 376.00, 383.00, 389.00, 401.00, 410.00, 412.00 |
Shares of The Home Depot Inc., the world’s largest home improvement company, are trading at 383.00.
On the daily chart, the price is correcting within the global ascending corridor with dynamic boundaries of 401.00–372.00.
On the four-hour chart, the quotes renewed the local high of 282.00, reflecting the likelihood of continued growth, and consolidation above the year’s high of 398.00 will allow the asset to reach 410.00. In case of a decline and breakdown of the support level of 376.00, the price may fall to 350.00 and below.
Technical indicators keep an upward signal: the EMA fluctuation range on the Alligator indicator is stable, and the AO histogram forms corrective bars in the positive zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 389.00, with the target at 412.00. Stop loss – 380.00. Implementation period: 7 days or more.
Short positions may be opened after the price declines and consolidates below 376.00, with the target at 354.00. Stop loss – 382.00.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
暂无评论。 来发表第一条观点吧。