Home Depot is announcing quarterly earnings today, if the market’s expectation is positive, the stock’s price should rise higher to test its resistance level at around $330. On the other hand, it could dip towards its support level at around $310.
Hello Traders and welcome to AAATrade’s Intraday Technical Analysis session.
Today’s instrument is the Home Depot Inc.‘s stock traded in NYSE exchange under the ticker (HD).
Looking at the HD‘s chart, we see that it was lastly traded at around $318.
Home Depot is announcing its quarterly earnings today, and if the market’s expectation is positive, then the stock’s price should rise higher to test its resistance level at around $330. On the other hand, it could dip towards its support level at around $310.
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