Home Depot touches SMA resistance - Analysis - 09-01-2020

2020-01-09 13:16:40 GMT (Economies.com)
 

Home Depot's stock rose 1.50% in the last session amid positive signals from the RSI, touching the resistance of the 50-day SMA, amid the dominance of the downward correctional short-term trend, while hurt by piercing the main upward trend line recently. 

 

Therefore we expect the stock to return lower, targeting the support of 216.10. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.1404
0.0062
0.5510%
1.2550
-0.0068
0.5397%
Tadawul
7380.35
-28.29
0.38%
19.195
-0.104
0.539%
40.335
-0.090
0.223%
42.94
0.23
0.54%
1809.080
-3.500
0.193%
 
 
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