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Home Depot Inc. is quickly approaching 216.18. We expect either a breakout through this line, or a rebound.

Home Depot Inc. is heading towards a line of 216.18. If this movement continues, we expect the price of Home Depot Inc. to test 216.18 within the next 12 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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