$HD Has A Falling Wedge With A Nice Support Below For Bounce

10 Nis 2022

Home Depot has been hit hard lately and has been in a long falling wedge downtrend due to the most recent economic conditions. Looks like a small amount of support has been found around the $293 area for a nice bounce play. If Home Depot can hold up above the $293 area in the coming week then I think it has more room to run into the resistance area of $321 for a nice move to the upside.