12.05.2016 - Shares of Home Depot may continue to fall

Stock price of Home Depot shows a sharp decline after failed to overcome the upper limit of the local downward channel. In the near future quotations may fall to the bottom of the channel and the level of 132.50 breaking through which will be a signal for the opening short positions with potential targets at 126.00 and 120.00. Our medium-term outlook is positive, but we are forecasting a decrease in the near future.

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