Home Depot may rise to 393.00 - 402.00

351 is our pivot point.

Our preference

The upside prevails as long as 351 is support.

Alternative scenario

Below 351, expect 337 and 328.

Comment

The RSI is above 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 348.7635 and 342.1772).

Supports and resistances

410 **

402 *

393 **

385

363.36 (USD-last)

357

351 **

337 *

328 **

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