Home Depot may rise to 379.00 - 386.00

343 is our pivot point.

Our preference

The upside prevails as long as 343 is support.

Alternative scenario

The downside breakout of 343 would call for 330 and 323.

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 334.628 and 337.915). Finally, Home Depot has crossed above its upper daily Bollinger band (352.37).

Supports and resistances

393 **

386 *

379 **

371

353.87 (USD-last)

347

343 **

330 *

323 **

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