Home Depot returns higher - Analysis - 31-03-2020

Economies.com
2020-03-31 12:13PM UTC

Home Depot's stock returned higher with a 2.91% profit while correcting the main downward trend, with negative pressure from the 50-day SMA, as the RSI reached overbought levels after reaching overbought levels compared to the stock's movements. 

 

Therefore we expect the stock to return lower, targeting the first support at 183.62. 

 

Expected trend for today: Bearish 

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