Home Depot may fall to 304.00 - 311.00

345 is our pivot point.

Our preference

The downside prevails as long as 345 is resistance.

Alternative scenario

The upside breakout of 345 would call for 357 and 364.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 341.7005 and 338.199).

Supports and resistances

364 **

357 *

345 **

341

334.58 (USD-last)

318

311 **

304 *

297 **

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