Home Depot Inc. is quickly approaching 217.50. We expect either a breakout through this line, or a rebound.

Home Depot Inc. is heading towards a line of 217.50. If this movement continues, we expect the price of Home Depot Inc. to test 217.50 within the next 10 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.