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.%
1.1025
-0.0069
0.6179%
1.3073
0.0072
0.5534%
Tadawul
8321.91
-64.44
0.77%
18.104
0.083
0.458%
54.273
-4.505
7.665%
60.77
-1.26
2.03%
1570.630
13.715
0.881%
 
 
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