The shares of The Home Depot Inc., the world's largest home improvement company, are on a corrective trend at 331.00.
On the daily chart, the global sideways trend continues, within which the price failed to exit the local Flag pattern with the dynamic boundaries of 341.00–302.00.
On the four-hour chart, it is clear that the corrective trend may continue for some time, but if it consolidates above the resistance line at 341.30, which also coincides with the 50.0% Fibonacci intermediate correction level, global growth will continue. A downtrend will become possible after consolidation below the base Fibonacci 38.2% correction at 323.70.
Technical indicators gave a signal to buy: the range of fluctuations of the EMA on the Alligator indicator began to expand in the direction of growth, and the AO histogram is trading close to the transition level.