Home Depot may rise to 379.00 - 386.00

Our pivot point is at 342.

Our preference

The upside prevails as long as 342 is support.

Alternative scenario

The downside breakout of 342 would call for 330 and 323.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 337.9525 and 337.9304).

Supports and resistances

393 **

386 *

379 **

372

350.88 (USD-last)

346

342 **

330 *

323 **

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