HD- If it continues bullish.. however Rising Wedge is forming...
HD is bullish in a bullish market.
If HD closes above 104.33 you should have a nice tight stop to 106.77 and possibly 111.56
The ossilator are all primed to turn over , but still show bullish with a slight turn down. MA all bullish- Trading to the top TL of the rising wedge- If the market turns down thatn so will HD. The bounce area comes from fib - and should HD retrace a bit - look to go bullish if the right candle pattern NWs- doji w/ gap to green .At a good support area.. I like waiting for that bounce .
What I keeping my eye on is the rising wedge HD has formed - it could just continue to channel upwords for another cycle of so - or it may not end up a wegde - but the rising wedge ususally breaks Bearish. So my entry area is between 100-98.50 w TGT at 92.31 and 86.22 With stops under $1.00 ( max0
If HD closes above 104.33 you should have a nice tight stop to 106.77 and possibly 111.56
The ossilator are all primed to turn over , but still show bullish with a slight turn down. MA all bullish- Trading to the top TL of the rising wedge- If the market turns down thatn so will HD. The bounce area comes from fib - and should HD retrace a bit - look to go bullish if the right candle pattern NWs- doji w/ gap to green .At a good support area.. I like waiting for that bounce .
What I keeping my eye on is the rising wedge HD has formed - it could just continue to channel upwords for another cycle of so - or it may not end up a wegde - but the rising wedge ususally breaks Bearish. So my entry area is between 100-98.50 w TGT at 92.31 and 86.22 With stops under $1.00 ( max0
