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isosphere

I think HD is going to break out today or tomorrow

Long
Home Depot, Inc. (The) (NYSE:HD)  
isosphere Updated   
NYSE:HD   Home Depot, Inc. (The)
Trend Analysis Fundamental Analysis
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trendanalysis fundamental
Trendlines converged yesterday. Seems to indicate a move soon. Expect move upwards if support @ 183.23 is broken. I think it's worth between 186 and 189 today based on discounted earnings model. Model not well tested yet, needs a couple more quarters.
Comment:
Well, it broke through in a way that I thought was pretty convincing but it didn't make it through resistance at 183.91. There's some strong resistance around 185.50 above that, too. I suppose I got a little too excited with the pattern setup.
Trade active:
Well, looks like I was just overly bullish on the timing there! It broke and took off.
Trade closed manually:
I've closed my positions now. I still believe in the company in the long run, but I'm concerned about it being overbought at the moment. Nobody goes broke taking a profit!
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