Home Depot starts recovering - Analysis - 16-12-2021

Home Depot's stock (HD) rose 1.39% in the last session after leaning on the upward short-term trend line, lending it positive momentum, and settling thereafter at 407.81, with support from the 50-day SMA, amid the dominance of the main upward trend in the medium term. 

Therefore we expect more gains for the stock, targeting the record resistance of 420.00, provided the support of 400.00 holds on.

Expected trend for today: Bullish