Trading ideas for The Home Depot, Inc. (NYSE) 16.01.2020
The overall trend is downward. The resistance level of 225.50 holds back buyers. A bearish divergence was formed on the MACD indicator, and Stochastic Oscillator indicator showed an exit from the overbought zone.
Trading recommendations:
Sell below the support level of 222.40.
Stop loss for the resistance level of 225.50. …