Home-Depot Stock Trading Chips

Good solid advice about excellent article with many great tips about stock market that anyone can use.

 

The company Home Depot ranks 3rd in the world for the sale of tools, materials and products for the garden and home. Brand Home Depot today estimated cost is at 36.44 billion dollars (an increase compared to the previous year 32%). It operates in 4 large countries - the US, Canada, China and Mexico, with a staff of more than 350 thousand people. The main credo of the company - it is a good service, and prices are at or below the level of the competition. The annual income of the company amounted to 13.89%. Today's earnings per share of the company is at the level of $ 6.16, as predicted for the year of $ 7.17. Technical Summary share recommends active buying.

 

This is also confirmed by the movement of prices on the chart. The share price went up again to its historical maximum, tried on the strength of this level, could not be fixed after breaking, and retreated, but not by much. This shows the determination of large investors to buy these shares. If you join the movement, adjusted for bullish traders, the barrier will be broken and the price will go even higher. In the stock market, in contrast to the Forex market, the penetration of historical highs and lows is working very well. With a large percentage of probability, it is possible to trade profitably in the stock market, taking advantage of such situations to the own advantage. Therefore, with the further growth of the share price of this company we open a long position.

 

The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.

The MACD trend indicator is above zero level now, indicating bullish movement.

 

If the resistance level is broken you can use the following recommendation:

•Chart timeframe: Weekly

•The trade recommendation: Buy

• The level of entry into long position: 139.40

•The level of profit and close the position: 142.00 (240 pips)

 

Forex currency pair EURUSD

Possible bearish movement in the breakdown of the support level 1.0650

 

Forex currency pair GBPUSD

Possible bearish movement in the breakdown of the support level 1.2510

 

Forex currency pair USDCHF

Possible bullish movement in the breakout of the resistance level 1.0030

 

Forex currency pair USDJPY

Possible bullish movement in the breakout of the resistance level 115.30