Home Depot pierces pivotal resistance - Analysis - 15-10-2021

2021-10-15 12:09:17 GMT (Economies.com)
 

Home Depot's stock (HD) rallied 1.71% in the last session, succeeding in piercing the pivotal resistance of 338.50, amid the dominance of the main upward trend in the short term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching overbought levels. 

 

Therefore we expect more gains for the stock, targeting the resistance of 358.00, provided the resistance of 338.50 was breached.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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