Home Depot may fall to 311.00 - 319.00

Our pivot point is at 363.

Our preference

Target 319.

Alternative scenario

Above 363, look for 378 and 387.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (358.286) but above its 50 day moving average (347.6948).

Supports and resistances

387 **

378 *

363 **

358

348.64 (USD-last)

328

319 **

311 *

302 **

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