Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Pages
▼
Saturday, April 2, 2011
HD Home Depot Weekly Chart Rising Wedge Negative Divergence
HD Home Depot charts shows rising wedges, overbot conditions and the negative divergence that caused the February smack down. This chart is rolling over. 34 and 36 serve as targets. Price should move sideways to sideways down into summer time. This is concerning for the overall economy since you would expect HD, of all companies, to be going gangbusters in the spring time, just like 2009 and 2010, but, however, price does not have the oomph this year. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.