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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