Solid News

The stocks of The Home Depot Inc., the world's largest home improvement company, are correcting at 327.00.

On the daily chart, the global sideways trend continues, within which the price again failed to consolidate above the year's high of 341.00 and is now trading below it.

On a four-hour chart, the corrective trend is an upward channel with dynamic boundaries of 323.00–370.00, within which the quotes are held above the base Fibonacci 38.2% correction at 323.00 but the intermediate Fibonacci 50.0% retracement at 341.00 is still is an insurmountable obstacle to the asset.

Technical indicators keep a stable buy signal: the range of fluctuations of the EMA on the Alligator indicator expands upwards, and the histogram of the AO oscillator forms ambiguous bars in the buying zone.