Home Depot may rise to 433.00 - 439.00

Our pivot point is at 406.

Our preference

As long as 406 is support look for 433.

Alternative scenario

Below 406, expect 397 and 391.

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 408.5805 and 384.6656).

Supports and resistances

444 **

439 *

433 **

427

415 (USD-last)

410

406 **

397 *

391 **

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