Home Depot may fall to 306.00 - 313.00

Our pivot point is at 349.

Our preference

The downside prevails as long as 349 is resistance.

Alternative scenario

The upside breakout of 349 would call for 361 and 368.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 341.4845 and 338.2874).

Supports and resistances

368 **

361 *

349 **

344

333.64 (USD-last)

320

313 **

306 *

299 **

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