User Submission

This is not financial advice and should not be treated as such.

HD - By infect

HD running down

HD aka Home Depot. Has run a lot after the lastest market pull-back. A turtle stock. With all the re-opening news the stock definitely has room to run. but it is so far from moving average (more than 10%) and HD does not wanna trade away from that. Some pull-back will happen eventually. Monthly, weekly and daily look bullsih on the candles, but overbought at the same time. The play here is to watch the momentum shift and then get in on the short side. There is a really really small gap on the daily at around ~273.80 - 274.30, which gives me some confidence. I personally like to play boomer stocks (5x leverage) as when my play does not seem to work out, I mostly have enough time to get out as they tend to move slow.