Home Depot may rise to 400.00 - 408.00

Our pivot point stands at 360.

Our preference

The upside prevails as long as 360 is support.

Alternative scenario

Below 360, expect 346 and 338.

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 359.409 and 354.632).

Supports and resistances

417 **

408 *

400 **

391

373.18 (USD-last)

365

360 **

346 *

338 **

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