Home Depot, Inc. (The)
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HD - time to pullback, stochastic will turn lower

I try to make only technical-based decisions, but let's be honest, sometimes it is difficult to keep our biases at bay. This is my case with HD. The blue line shows a possible resistance area, and I see no reason the stock should be up this high. Stochastic has been elevated and soon will head lower. It might be a real downturn or a pullback to the 20sma. Either way this makes a good swing trade.
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And the upward momentum marches on. I closed my puts for a loss and am watching the stock for another swing trade. I admit I missed a good swing call opportunity in this stock because my bias kept me "looking" for signs of a trend reversal. It has not yet come. All traders go through this at some point, as it is a constant challenge to remain completely objective. Being wrong, being comfortable with being wrong, and learning from the mistakes - are necessary in trader development and provide a strong reason to limit the amount of capital in each trade.

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