Home Depot declines in volatile session - Analysis - 21-09-2021

Home Depot's stock (HD) declined after the pivotal resistance of 338.40 held on, amid negative signals from the RSI after reaching overbought levels, with support from the 50-day SMA, as the stock leaned on the 50-day SMA, while also leaning on the upward short-term trend line, as the stock gathers positive momentum to pierce that pivotal resistance. 

Therefore we expect the stock to return higher, targeting the resistance of 358.00, provided the resistance of 338.40 was breached. 

Expected trend for today: Bullish