Home Depot (HD) Scalping Strategy

🔥 Market Overview:
Trend: Short-term bounce, but overall bearish structure.
Key Levels:
Resistance: $395.00, $400.00
Support: $387.00, $382.00
Indicators:
EMA9 below EMA200 → Bearish trend still in play.
MACD negative → Weak momentum, bears still in control.
RSI at 43.57 → Slightly oversold, but no strong divergence.
Risk of Short Squeeze? Low—needs a breakout above $395.00.
Market Maker Activity: Price consolidating but still under pressure.
🔥 Scalping Strategy:
🩸 1. Momentum Scalping (If Breakout Above $395.00)

Buy near: $395.10
Target: $400.00
Stop-loss: $392.50
Risk-to-Reward: 1:2
🩸 2. Range Scalping (If Price Holds $387 - $395)

Buy near: $387.00
Sell near: $395.00
Stop-loss: $385.00
Profit Potential: ~2.1%
🩸 3. Breakout Scalping (If Below $387.00)

Short below: $387.00
Target: $382.00
Stop-loss: $389.50
Risk-to-Reward: 1:3
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If $395.00 holds, Home Depot could push towards $400.00 - $405.00.
If $387.00 fails, expect a drop to $382.00.
🔥 News & Market Context:
Analysts updated price targets ($430 - $455), but stock is weak → Mixed sentiment.
Stock down 0.71% today → Weak bullish recovery, bears still dominant.
Earnings in 83 days → No immediate catalyst for a big move.
👑 Trade Rating (1-10):
Range Scalping: 6/10 (Still weak, needs confirmation).
Momentum Long Above $395.00: 7/10 (Breakout setup, but risk remains).
Short Below $387.00: 9/10 (Best risk-reward setup).
🔥 Decision:
🩸 Short-term Play: Range scalping $387 - $395 until a breakout.
🩸 Mid-term Play: Break above $395.00 = long; below $387.00 = short.
🩸 Ideal Play: Better shorting opportunities below $387.00.

👑 Final Verdict: Weak bounce—short setup looks stronger.

🔥 LucanInvestor's Quote:
"A weak bounce is just fuel for the next drop."