HD: Bottom breakout, support to sustain gains ahead of earnings
HD broke out and above the short term resistance levels of a bottom completion area. This bottom is an intermediate-term bottom formation. The breakout has support to sustain the gains and is occurring ahead of the earnings season which provides potential for a pre-earnings run which tend to be fueled by pro traders, who provide sustainable momentum runs.
Martha Stokes, CMT
ttrader.im/tv-candlesticks
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Learn how to use the technical patterns of each market participant for better trade planning.
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