Home Depot may rise to 393.00 - 401.00

350 is our pivot point.

Our preference

The upside prevails as long as 350 is support.

Alternative scenario

The downside breakout of 350 would call for 336 and 327.

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 349.136 and 342.6656).

Supports and resistances

410 **

401 *

393 **

385

363.25 (USD-last)

356

350 **

336 *

327 **

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