Shares of Home Depot (HD) inched higher today as the Dow and S&P are advancing. While the bulls have been in full control, Home Depot trend line analysis shows that it is likely topping out in the near-term.
In the stock chart below, Home Depot clearly is into a key resistance trend line. In addition, the stock is up nearly a full 100% from the March 2020 lows. When analyzing the possible pull back scenario, Home Depot trend line analysis signals a pull back to $247.50 as target 1 and $210.00 as target 2.
(Click on image to enlarge)
Comments
Log in or sign up to join the conversation.