Home Depot resumes decline - Analysis - 17-09-2020

Home Depot's stock returned lower with a 1.38% loss while trying to gather momentum and vent off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium term, with support from the 50-day SMA. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 292.51. 

Expected trend for today: Bullish