Home Depot Inc. has broken through the support line of a Channel Up technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 28 days and suggests a possible target level to be around 305.37 within the next 17 hours.
Home Depot Inc. – breach of a trending support line that has been tested at least twice before.
