Home Depot stalls - Analysis - 18-03-2021

Economies.com
2021-03-18 10:24AM UTC

Home Depot's stock (HD) fell 0.73% in the last session on profit-taking while gathering momentum to help it rise anew as it vents off overbought saturation in the RSI, with positive support from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 292.40. 

 

Expected trend for today: Bullish 

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