Very nice and neat price action here out of $HD and very similar to $AMD's set up too, in that it is likely in its ABC corrective wave now, the pull back from our Wave 3 target was very strong and in one wave, it found support at the 50 Day MA and has bounced since, I do not believe Wave 4 is complete now.
Another pull back to complete Wave C and this may be a good position to add or start a position if you did not catch the breakout from last week and catch the bounce for Wave 5.