Home Depot may rise to 402.00 - 410.00

355 is our pivot point.

Our preference

The upside prevails as long as 355 is support.

Alternative scenario

The downside breakout of 355 would call for 341 and 332.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 348.2675 and 341.7238).

Supports and resistances

419 **

410 *

402 **

393

366.08 (USD-last)

360

355 **

341 *

332 **

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