Home Depot may rise to 436.00 - 442.00

Our pivot point stands at 407.

Our preference

As long as 407 is support look for 436.

Alternative scenario

The downside breakout of 407 would call for 398 and 392.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 407.3235 and 383.3324).

Supports and resistances

447 **

442 *

436 **

430

415.6 (USD-last)

411

407 **

398 *

392 **

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