TECH Sell 18.04.2024 13:01
The Home Depot Inc.: Murrey analysis
Shares of The Home Depot Inc., the largest home improvement company, have been correcting to the long-term uptrend for the fourth week. During this time, the price reversed downwards from 390.62 (Murrey level [+1/8]), returned to Murrey’s main trading range, and is now close to 328.12 (Murrey level [5/8]), after consolidating below which it is possible to reach the area of 312.50 (Murrey level [4/8]) and 296.88 (Murrey level [3/8]).
Indicators
Overall recommendation Sell
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Sell
Overall recommendation Wait