TECH Buy 15.08.2025 13:00
The Home Depot Inc.: candlestick analysis
On the four-hour chart, the price continues to grow steadily, holding at 403.31: it is worth noting the formation of the Inverted Hammer candlestick analysis pattern at one of the key support levels of 383.33, which warns market participants about continued growth. Also, on the chart one can identify a Gap up between two Bullish Marubozu candles: their combination indicates intense pressure on the price from buyers and warns investors about the strengthening of the "bullish" momentum. Most likely, in the near future, buyers will attempt to increase the price to the key resistance line of 414.48, the overcoming of which may become a catalyst for opening long positions with targets of 425.82–435.81. An alternative scenario is possible if buyers manage to lower quotes below the main support level of 395.96: then one should expect an increase in negative dynamics in the area of 383.33–366.44.