Home Depot Inc/The (US: HD) Upside has reached a capped after a long period of not breaking and closing above US$340.00 psychological resistance level. Technical and price action further shows that the stock is poised for more downside correction.
*Expected timeline of the trade is 5 weeks from the date of report issuance.
Ichimoku Kinko Hyo
Red dotted line = 26 periods Kijun-Sen
Blue dotted line = 9 Periods Tenkan-Sen
Green Line B= 52 periods Senkou Span B
Pink Line A = 26 periods Senkou Span A
Black line = 26 periods Chikou Span. Lagging line
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