Home Depot Trade: Swing Trade and Day Trade.

Home Depot is trading 185.36 pre-market down 2.43% on earnings guidance.

The News Story Link:

Home Depot Misses Q4 Earnings on Interline Charge; Sees Softer 2019 Profit #swingtrading $HD #earnings https://www.thestreet.com/investing/earnings/home-depot-misses-q4-earnings-on-interline-charge-sees-softer-2019-profit-14877506

The Chart:

https://www.tradingview.com/chart/HD/LWDJBSBJ-HOME-DEPOT-HD-down-2-43-trading-185-36-premarket-on-earnings/

How to Trade It:

Key Support 174.30 area trading 185’s in premarket so 174’s is quite a ways down, however, I think it is possible.

Key Resistance 191.00 area. Anything under 191 seems short bias to 174 s.

Watch the 182 s on way down (trading box support) and the 200 MA on the 4 hour.

On the day trade side of things, use the horizontal support and resistance levels on the chart for the trade. I will alert as I trade it also.

Thanks

Curt