Long Setup: Home Depot ($HD) | Bullish Continuation Above Cloud

6月9日

📈 Technical Setup:
Home Depot (HD) is setting up for a potential bullish continuation after retesting the top of the Ichimoku Cloud and holding key support.

Ichimoku Cloud: Price is consolidating above the Kumo, with the Conversion Line (Tenkan) and Base Line (Kijun) flatlining — signaling potential momentum build.
Fractals: Recent higher low confirmed above cloud support.
Quarterly Pivots:
Support: Held above S1 (331.28)
Current level: Testing pivot (P) zone at 376.08
Target: R1 at 409.03 aligns with the 10% upside move.
CM_Ult_MacD_MTF: Bearish histogram easing, potential shift incoming.
Williams %R: Rebounding from oversold territory (~ -70), signaling bullish potential.
🎯 Trade Parameters:

Entry: ~$367.33
Target: $405.15 (+10.3%)
Stop Loss: $361.15 (-1.68%)
Risk/Reward: 6.12R — excellent setup for swing or trend continuation
🔍 Thesis:
HD has formed a solid base above the cloud and is showing signs of reaccumulation. With macroeconomic resilience in home improvement spending and technical confluence lining up (cloud support + pivot + fractal structure), this setup offers a high R/R swing opportunity into Q3.

6月9日

註釋

Trade adjusted slightly :

6 天前

交易進行

Going to wait to see what happens here. If we close below the stop level again I am going to close the trade out.

5 天前

交易結束：達到停損點

Taking a pretty big loss here. I did get the dividend so that was good but this is a 6% loss plus.

5 天前

註釋

I will note, that I like to buy at the bottom of the cloud so if this bounces of the cloud well I may re enter. But probably not.