20.03.2015 - The stock price of Home Depot is trying to to continue the growth

Stock price of Home Depot after a slight correction, is trying to gain a foothold above the local maximum at 117.80 and the upper boundary of the rising channel. In case of success we expect continued upward movement with the first targets at 126.00 and 130.00. In this case, the stop should be set below the local minimum at 112.00. We expect continued growth in the near future and medium term, but recommend to wait for a confirmation of the signal to open long positions.

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