Home Depot returns lower - Analysis - 03-05-2021

Home Depot's stock (HD) returned lower with a 0.51% loss in the last session while gathering momentum to help it rise anew, amid the dominance of the main upward trend in the short term, with positive support from the 50-day SMA, coupled with positive signals from the RSI. 

Therefore we expect the stock to return higher, targeting the resistance of 338.75, provided it holds above 319.00. 

Expected trend for today: Bullish