Can This Home Improvement Stock Improve Your Bottom Line?
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Yesterday really put a damper on all the rally talk after a steep decline across the board. This is where our patience to jump into a trade pays off. Fighting off the temptation to take either bias, up or down, and letting things shake out.
One stock that look particularly weak in this environment is Home Depot (HD), which has been declining rapidly, and could be on its way to a key support level. A long play could be considered, however, a break of this level likely leads to a drop to a significant drop to another previous level of support… in my humble opinion.
If you want to find out what these levels are, as well as hear my breakdown of this setup then be sure to watch the video.
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Get a jump start on your options education and put yourself in position to win in 2023. Sign up today! Until then…
