CFD Trading – Sell Home Depot Inc. (HD.NYS) @ $270.00. Stop @ $276.00 and Target @ $258.00.

Price was unable to move above the cloud on Friday and instead formed a bearish Engulfing candlestick price pattern just below the cloud. The candlestick price pattern is a bearish sign and signal and is hinting of a price decline ahead. Inability to move above the cloud is another sign of a bearish trend. Conversion and Base lines had a bearish crossover hinting of a bearish price trend. Lagging Span is below price of 26 days ago and also below the cloud, confirming the bearish price trend. MACD remains bearish.

$270.00              Sell
$258.00              Price Target
$276.00              Risk Management Stop
2 weeks              Trade Duration

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