Home Depot · Week 13 · decline in evolution
Home Depot: the decline holds but momentum is fading
Home Depot · Week 13 · decline in evolution
In Summary
Home Depot is in week 13 of a sell signal. The latest week closed down 2%, with sellers at 73% — the bearish front is holding — but the context of recent weeks shows a progressive loss of momentum. A double bottom in the 298 area is developing on the daily chart. Trading not recommended per our model.
Ongoing decline
·13th week from start
·US stocks
·T2
IQS Phase
79
in tension
Signal Strength
8
indecisive week
Sizing
MINIMUM
Ranking
#14 / 96
US stocks
Trade P&L %
+13.17%
from signal to today
restricted Platinum content