Trading ideas for The Home Depot, Inc. (NYSE) 16.01.2020

The overall trend is downward. The resistance level of 225.50 holds back buyers. A bearish divergence was formed on the MACD indicator, and Stochastic Oscillator indicator showed an exit from the overbought zone.

Trading recommendations:

Sell below the support level of 222.40.

Stop loss for the resistance level of 225.50.

Target levels – 219.00; 215.20; 211.00.