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

2022-01-11 10:55:56 GMT (Economies.com)
 

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

 
 
 
  Symbol Last Change Chg.%
1.1342
-0.0062
0.5450%
1.3609
-0.0048
0.3533%
Tadawul
12260.13
73.83
0.61%
24.117
1.105
4.800%
85.100
1.231
1.468%
88.44
0.93
1.06%
1839.630
19.170
1.053%
 
 
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