HD looking to continue moving to new highs?

2021년 11월 14일

I last spoke about this around mid October as it was breaking out of from $342.15. Since then it rallied higher and then consolidated for 3 weeks. This consolidation also created a base on base pattern.

Now it's breaking out of the consolidation as earnings approach. The best part about this is that it was consolidating as the general market was in a small correction. This shows that there is institutional demand for HD and earnings may give another leg higher.

Trade Idea:
* Now's the perfect time to enter as the price is right above the broken resistance.
* Very favorable risk/reward ratio.
* If you're looking for a slight discount you can look for buying opportunities near the $366.48 area as that is the base of the tight range.

* Looking at the weekly chart this may continue to consolidate but with earnings coming up I can see this moving higher from here.

2021년 11월 16일

노트

Earnings report will exceed expectations.