Home Depot sharpens decline - Analysis - 11-01-2021

Home Depot's stock (HD) declined in the intraday levels, amid negative signals from the RSI, trespassing the support of the 50-day SMA, exposing it to negative pressure, while seeking a bottom to bounce it higher, amid the dominance of the main upward medium-term trend.

Therefore we expect the stock to return higher, targeting the resistance of 420, provided the support of 380.00 holds on.

Expected trend for today: Bullish