Home Depot may fall to 307.00 - 314.00

Our pivot point stands at 350.

Our preference

Eye 314.

Alternative scenario

The upside breakout of 350 would call for 362 and 369.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is below its 20 day moving average (342.1255) but above its 50 day moving average (338.3308).

Supports and resistances

369 **

362 *

350 **

346

339.6 (USD-last)

321

314 **

307 *

300 **

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