Home Depot may rise to 391.00 - 400.00

Our pivot point stands at 348.

Our preference

The upside prevails as long as 348 is support.

Alternative scenario

The downside breakout of 348 would call for 333 and 324.

Comment

The RSI is above its neutrality area at 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 355.524 and 350.1566).

Supports and resistances

409 **

400 *

391 **

382

362.06 (USD-last)

354

348 **

333 *

324 **

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