Home Depot may rise to 389.00 - 397.00

Our pivot point stands at 343.

Our preference

The upside prevails as long as 343 is support.

Alternative scenario

Below 343, expect 330 and 322.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 344.8945 and 339.4656).

Supports and resistances

405 **

397 *

389 **

380

359.77 (USD-last)

349

343 **

330 *

322 **

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