Home Depot may rise to 403.00 - 412.00

Our pivot point is at 354.

Our preference

The upside prevails as long as 354 is support.

Alternative scenario

The downside breakout of 354 would call for 339 and 330.

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 358.3125 and 353.5806).

Supports and resistances

421 **

412 *

403 **

394

375.59 (USD-last)

359

354 **

339 *

330 **

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