Home Depot returns lower - Analysis - 02-07-2020

Home Deport's stock returned lower with a 0.94% loss, gathering momentum to bring it higher anew, amid the dominance of the main upward medium-term trend, with support from the 50-day SMA, coupled with positive signals from the RSI. 

Therefore we expect the stock to rise and target the pivotal resistance of 259.39, provided the support of 238.34 holds on. 

Expected trend for today: Bullish