Home Depot – Bull Secular Fibonacci Extension – Update December 2019…

Home Depot –  Back Today on ATA Research Radar 

 

ATA Continuation of…

21.11.2019 –  Home Depot – Bear Dynamic Contraction after Bulls Hitting Secular Fibonacci Extension…

 

Home Depot Main Motives

Credit Suisse Upgrade Home Depot to Outperform from Neutral

Price Target rise to 235 USD  from 225 USD 

vs

still Active

Awakening  from Bull Market Euphory

Home Depot Shot Down after Testing Major Target  Fibonacci Extension

vs

DJIA  still in New History Top Zone

 

Home Depot Present Target Prices 

Wedbush 230 USD

Baird Equity’ 245 USD

Bank of America 235 USD

Wells Fargo 260 USD

Credit Suisse 235 USD

 

Home Depot-1

 

First…ATA from 21.11.2019

Mega Long Term Rising Trend

but with

Key Bear Reversal Pattern Risk 

M Pattern 

Key Level 239 USD 

with

Last November Testing

FIB EXT  Target Zone 236 USD 

3.14%  1 Secular Bull Wave

( 1981 – 2000 Year )

with

Psychological  Master Key Level 

235 USD 

All Time High 239.28  USD   

 

 

Second…Present Home Depot   Situation 

HOME DEPOT  SECULAR SITUATION 

ATA MARKET MODEL  IN LONG TERM ACTION  

 

ATA MIND OVER MARKETS

Hope is Not a Strategy 

Follow the Trendlines  Not the Headlines 

Failed Signal is the Strongest Signal

 

ATA MARKET MODEL 

First…Market Motive…

Second…Market Technical  Pattern…

 

First…Key Motives

above in this text…

 

Second…Market Technical  Patterns 

Monthly View 

After

Test 

First…FIB EXT  Target Zone 236 USD 

3.14%  1 Secular Bull Wave

( 1981 – 2000 Year )

with

Activated

Key Bear Reversal Pattern Risk 

M Pattern 

Key Level 239 USD 

Second…Dynamic Shot Down  

Now dominating

December Bull Strike 

with

Monthly Hammer Candlestick 

after

Test 

Upper Edge Zone

Inverted Triangle Pattern 

December Low 210.68 USD 

with

MACD Factor 

Monthly Buy Signal

vs

Negative Divergence 

Bear Reversal Pattern 

Inverted Ending Diagonal

( Monthly Chart )

 

ATA Investment Conclusion

still carefully Research

Master Trend Reversal  Pattern 

Bulls  vs  Bears

Conformation 

so

Special Focus on

Home Depot Smart Money Battlefield  

200 –220    –   230 – 240  USD 

with

SM  Final Reaction 

First…EOM – December 

 

 

ATA Wall Street Maximes

MAJOR TOPS  WERE ALWAYS CREATED on SUPER GOOD NEWS

with

EUPHORY PHASE …!!!

 

Market Trend always changed when Mainstream Media created 

One Slogan ” No Chance for Change “…

that’s why

Charts show you  Reversal Pattern First  ex ante…!!!

 

Risk strikes Fast…

Chart is More Important than 1000 Words…

Most Important is  Final  Smart Money Reaction….

First…EOM – December 

 

 

Home Depot   Monthly  Charts :

20.11.2019 – EOD

Home Depot - M - Fib Ext

Home Depot - M - Fib Ext - Focus

Home Depot - M - Fib Ext - Focus - Focus

27.12.2019 – EOW

Home Depot - M - Fib Ext - Focus

Home Depot - M - Fib Ext - Focus - Focus

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