HD (Home Depot) Weekly Chart Analysis

HD's share price has been choppy around the last quarter of 2021 and has been trading between the $270 to $330 range in 2022 and for most of 2023. In the last quarter of 2023, HD's share price broke out of the range of $330 and has pulled back to the top of the range where it was once resistance (highlighted red). It now shows support and consolidation in the $330 price range, which can be viewed as a good price level for entry. If the price were to break down below $330, the next potential level will be $300 and $280.