$HD - Weekly Chart

HD Weekly Chart

Buying dips into the 200-week EMA has been one of the most reliable long-term strategies on Home Depot.

For nearly a decade, every major correction into the 200W EMA has offered exceptional entry points, often marking cyclical bottoms before multi-month trends higher.

On the current chart:

• Price is once again revisiting the 200W EMA, an area that historically acts as dynamic support.

• Momentum indicators (Stoch / RSI) are entering oversold territory, aligning with prior reversal zones.

• Structure remains intact, with a long-term ascending trendline still supporting the broader bullish cycle.

• The stock is pulling back into a high-confluence zone: long-term trendline + EMA200 + historical demand.

If buyers step in where they usually do, HD could once again offer a high-probability setup—not financial advice, just pattern recognition.

👉 This stock has now been added to my shortlist.