Home Depot Inc (US: HD) spectacular rise has strengthened the bullish case for a wave ((3)) extension. Based on recent price action, Home Depot is eyeing a new high:
*The technical call is valid for 2 weeks only.
* Should the stock fell below US$260.00 in the mid-term, we will likely see a deeper correction to US$225.00 and beyond.
Red dotted line = 200-day moving average
Blue dotted line = 50-day moving average
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