Stock of the day: Home Depot
11 August 2025
In today’s stock of the day, we focus on HomeDepot, which last week delivered a clean breakout from a long-term symmetric triangle pattern marked with black lines. This formation had been compressing price action for months, and the upside break signals that buyers have regained control.
The bullish case is reinforced by the fact that the breakout also cleared the $380 horizontal resistance, marked in pink — a level that has repeatedly acted as a ceiling in recent months. Holding above both the triangle’s upper boundary and this key horizontal level keeps sentiment firmly positive.
As long as the price remains above these supports, the buy signal is intact. A drop back below them would flip the outlook bearish, but for now, momentum favors buyers, with room for further gains toward higher long-term targets.