Home Depot shares price dropped 12.00% since the beginning
of May, this being the biggest correction in the past 10 months.
The market price action favors an intermediary correction
that usually lasts for a few months. In this particular case, the $43.40-$44.00
area stands as a good target on the down side.
However, the most probable scenario includes a three wave
pattern (zig-zag) that could travel up to the $50.00 level before resuming the
correction.
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