Home Depot has an untested support level at 180 back from April 2018.
Setup:
If (and only if) HD gets down to 180, enter a long position on first touch of the 180 support level.
Stop:
Anywhere below 180 is fine, just don't go too tight. Maybe 178ish.
Target:
First target will be around 190 for an exit or at least profit-taking, which is the first area of consolidation and untested resistance levels.
A riskier target will be up in the 203 range where there's more congestion and untested levels.
Setup:
If (and only if) HD gets down to 180, enter a long position on first touch of the 180 support level.
Stop:
Anywhere below 180 is fine, just don't go too tight. Maybe 178ish.
Target:
First target will be around 190 for an exit or at least profit-taking, which is the first area of consolidation and untested resistance levels.
A riskier target will be up in the 203 range where there's more congestion and untested levels.