Home Depot may fall to 303.00 - 309.00

Our pivot point stands at 344.

Our preference

The downside prevails as long as 344 is resistance.

Alternative scenario

Above 344, look for 355 and 361.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 337.5405 and 346.5504).

Supports and resistances

361 **

355 *

344 **

340

334.87 (USD-last)

315

309 **

303 *

296 **

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