Home Depot may rise to 353.00 - 359.00

Our pivot point is at 318.

Our preference

Short term rebound towards 353.

Alternative scenario

Below 318, expect 307 and 300.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 333.475 and 339.7266).

Supports and resistances

366 **

359 *

353 **

346

332.56 (USD-last)

322

318 **

307 *

300 **

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