Home Depot dominated by descending correctional wave - Analysis - 02-11-2020

Economies.com
2020-11-02 11:00AM UTC

Home Depot's stock (HD) fell 1.08% in the last session while hurt by piercing the main upward trend line recently, as it leaned on the pivotal support of 263.55, amid negative pressure from the 50-day SMA.

 

Therefore we expect more losses for the stock, targeting the support of 247.12, provided the support of 263.55 was breached. 

 

Expected trend for today: Bearish 

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