HD Trade Setup – Retesting Support After 5% Surge

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Home Depot HD has bounced nearly 5% since our last post and is now retesting a major support zone between $375 – $380. This zone has consistently acted as a base, and the current price action suggests buyers may be stepping back in — potentially setting up for another bullish move.

📈 Trade Idea

Entry Zone: $375 – $380

Take Profit Targets:

TP1: $400 – $412

TP2: $423 – $435

Stop Loss: Just below $370

The setup offers a clean risk-to-reward structure with the broader market still holding a bullish bias. Watch for volume confirmation or bullish candlestick signals to strengthen the case.

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