Category: Submitted Articles
- Published: 26 July 2016
- Written by Jenny Rebekka
Home Depot Inc (NYSE:HD) is touching resistance at the upper end of a triangle pattern. Selling should begin in the next few days and the lower end of the triangle is expected to break. When that happens, investors are looking for downside to $124.00, $110.00 and finally $92.50. This is huge potential downside considering the stock is currently trading at $136.51. Note the chart below that shows the triangle and the potential break points when the triangle pattern breaks.
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Jenny Rebekka
Pro Trader