Home Depot may fall to 300.00 - 306.00

Our pivot point is at 339.

Our preference

The downside prevails as long as 339 is resistance.

Alternative scenario

The upside breakout of 339 would call for 350 and 355.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 338.1285 and 349.4658).

Supports and resistances

355 **

350 *

339 **

335

328.7 (USD-last)

312

306 **

300 *

294 **

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