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Analysis: #NYSE $HD

Case 71 #HomeDepot Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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#HD 1/3
Chart 1
Monthly Chart: Failing to close above the 239.00 level and price is currently drifting lower towards the SMA 20 - which is not a reliable #support. #Trendline support sits at 178.33 with the SMA 50 further down. The main and long term object is the 278.20/90 area.

HD 2/3
Chart 2
Weekly Chart: The #SMA 200 has been supporting the uptrend since Sept 2010 and currently stand at 170.96.

The #Strategy is printed on the image.

$HD 3/3
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