AI
Tuesday, October 09, 2018 3:42:04 PM
Home Depot $HD Holds Support But For How Long?
Shares of Home Depot (HD) are still holding major support but top investors wonder for how long? The stock has hammered on a support trend line since April 2018. It has now tagged it four times. While still support, it is weakening. Projections show a near-term bounce, but limited to 3-5% maximum. The likely outcome after this near-term bounce is a sharp drop to $180.00.
Gareth Soloway
InTheMoneyStocks
Shares of Home Depot (HD) are still holding major support but top investors wonder for how long? The stock has hammered on a support trend line since April 2018. It has now tagged it four times. While still support, it is weakening. Projections show a near-term bounce, but limited to 3-5% maximum. The likely outcome after this near-term bounce is a sharp drop to $180.00.
Gareth Soloway
InTheMoneyStocks
