$HD bearish continuation?

slowly plunges since the beginning of this year. not much negatives news besides the overall supply chain issues and inflations. but the most reason why it took a dive is the short sellers.
there's been high percentage of short seller since the beginning of this year making to a bearish mode until now. but the percentage of short seller starts to fade about 21% since march. but we still don't know
how many institution finish their shorts positions. In my opinion this is a good buying opportunity for long since its sitting in support line at 299.00 after its long rally.
HD average move per day is $5.00-7.00 per day.

Below is my ideal entry for day trading or scalp play.

HD: Day trade or scalp target play: 04/19/22

Buy call above 303.36 sell at 305.20 or above.

Buy puts below 297.19 sell at 295.17 or below.

option open interest: ideal expiration date: 5/20/22 6/17/22 8/19/22

Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.

If you have any questions or suggestions which stock I should analyze, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it if you smash that LIKE button and maybe consider following my channel.

Thank you for stopping by and stay tune for more.

My technical analysis is not to be regarded as investment advice. but for general informational proposes onlY

Note

Just a quick update, congrats if you caught the move on $HD. home depot has been up about $10 since i posted this. 305 to 315 now.

CHRIS_B58

Also on:

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.

CHRIS_B58

Also on: