Home Depot may rise to 430.00 - 436.00

Our pivot point stands at 401.

Our preference

As long as 401 is support look for 430.

Alternative scenario

Below 401, expect 392 and 386.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 401.043 and 378.0632).

Supports and resistances

442 **

436 *

430 **

425

411.9 (USD-last)

405

401 **

392 *

386 **

Number of asterisks represents the strength of support and resistance levels.