Use advanced tools to confirm the Rectangle on HD before you trade.
Sideways movement between parallel supports.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Traders are watching Home Depot (The) (HD) as price action tightens. With a last close of $342.71, volatility remains active (0.45%). Price action has carved out a classic Bearish Flag. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $315.31, targeting $235.63 with support near $342.76 (R:R 2.9).
What is your outlook on HD?