Home Depot (HD) – Long Setup at Key Support | Spot Trade Idea

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Home Depot HD has retraced into a crucial support zone between $375 – $380, offering a potential long entry opportunity. This level aligns with prior consolidation and buying interest, and while broader US indices hint at a possible correction, HD is holding this support relatively well.

🔹 Entry Zone: $375 – $380
🔹 Stop Loss: Below $373 (tight, risk-defined)
🔹 Take Profit Levels:
 • TP1: $400 – $412
 • TP2: $423 – $435

We’re approaching this trade with tight risk management, as market sentiment remains mixed. The setup favors a quick bounce or potential continuation if HD finds strength relative to the S&P 500. Watch volume and price action around the entry zone for confirmation.

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