I am shorting Home Depot Inc (NYSE:HD) here at $147.00. The price action has been extremely bearish over the last few days. When the market moves higher, Home Depot is flat, when the markets are lower, Home Depot sells off percentage wise more than the market. In addition, the price action over the last week has formed what is known as a bear flag in the technical analysis world. With stretched valuations and a bearish chart, this is an easy short with a downside near-term target of $139.00. Longer term, easily a $120.00 final targe
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Home Depot (HD) Stock Research Links
I was trained as a psychologist, then I applied what I knew to stock trading. Stocks are representing emotion of those who buy/sell them. I post all of my trades on Insert-tag-hereVerifiedInvesting.com where they are confirmed for legitamacy by their independent verification system. I've been trading since the 90s.