📈 Trade Idea – HD (Weekly Chart)
Long bias on a high-quality setup.
Home Depot is showing early signs of a momentum shift while retesting a major long-term trendline.
Key points:
• Price is rebounding cleanly off the EMA200 weekly, a level that has acted as dynamic support multiple times.
• Momentum is building across indicators, with early reversal signals appearing.
• Structure remains intact: higher-timeframe trendline still guiding price upward.
• Theoretical upside potential: ~+20% toward the upper resistance zone.
Still early, but the risk-to-reward becomes attractive if momentum confirms in the coming weeks.
Long bias on a high-quality setup.
Home Depot is showing early signs of a momentum shift while retesting a major long-term trendline.
Key points:
• Price is rebounding cleanly off the EMA200 weekly, a level that has acted as dynamic support multiple times.
• Momentum is building across indicators, with early reversal signals appearing.
• Structure remains intact: higher-timeframe trendline still guiding price upward.
• Theoretical upside potential: ~+20% toward the upper resistance zone.
Still early, but the risk-to-reward becomes attractive if momentum confirms in the coming weeks.
Mike
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Mike
Declinazione di responsabilitÃ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.