Home Depot may rise to 378.00 - 385.00

Our pivot point stands at 343.

Our preference

The upside prevails as long as 343 is support.

Alternative scenario

The downside breakout of 343 would call for 330 and 323.

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 trading above both its 20 and 50 day moving average (respectively at 336.753 and 337.8602).

Supports and resistances

393 **

385 *

378 **

371

355.8 (USD-last)

347

343 **

330 *

323 **

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