Breakout from the descending channel

Home Depot's chart shows it just broke out of a descending channel! After a steady downtrend, it's pushing past resistance around $370. Is this the start of a sustained rally, or a temporary blip before it heads back down? Keep an eye on the next resistance level near $383 – a break above that would strengthen the bullish case. Are you betting on HD's strength, or seeing a potential pullback?