$HD TOP 20
Added 2023-06-26 04:13:05 +0000 UTC$HD is still struggling with that $303 level and its forming a very large platform now, it is also stuck between a very tight range, between the 200 Day MA and the 0.38 Fib at $303....showing again here how important the Fib levels are and the Moving Averages (MAs) are and how using them together with EW Theory, really helps find the trend and price targets.
Usually a platform like this is a good sign but we can see that momentum is starting to fall on the MACD, I think bulls will need to step in quickly or this is at risk of breaking down.
The break above $303 and holding is important so I am not too surprised to see a battle going on between the Bull and Bears, a break and hold above $303 and this is confirmation that the bottom is in and $HD is in the Bull case and following the impulse wave.
