Wait, What?

I thought Home Depot was going lower?

It did go lower … for three days.

Now, it penetrated support (blue line) and stopped.

Ruh, Roh Scooby.

If tomorrow opens higher and posts a new daily high, there might be potential to head back to the top of the range (not advice, not a recommendation).

Be on guard as HD is (loosely) correlated with real estate.

Stay Tuned

Charts by StockCharts

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