The breakout of Home Depot Inc. through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of Home Depot Inc. to test 220.85 within the next 8 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing support twice in the past, Home Depot Inc. has finally broken through. Can we expect a bearish trend to follow?
