Home Depot may fall to 310.00 - 319.00

Our pivot point is at 366.

Our preference

Target 319.

Alternative scenario

Above 366, look for 381 and 390.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (358.363) but above its 50 day moving average (345.961).

Supports and resistances

390 **

381 *

366 **

360

350.01 (USD-last)

328

319 **

310 *

302 **

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