HD formed a mini double bottom with bullish divergence seen between price and RSI.
THere is a fair chance of it rebound back towards it's recent high of 339. Whether it can break higher remains to be seen
Initial stop just below the recent low of 293.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important!
THere is a fair chance of it rebound back towards it's recent high of 339. Whether it can break higher remains to be seen
Initial stop just below the recent low of 293.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important!
Note
Don't like the strong volume on the down day last Thursday. Likely to scratch this trade if I don't see a rebound on Monday.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.