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

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