OptionsRising

HD puts, unless stock goes over 192.80

Kort
NYSE:HD   Home Depot, Inc. (The)
On the weekly chart, you see a bullish engulfing candle, technically that signal triggers when the high is broken. This week the high is 192.80, same as last week. Stock has to trade at 192.81 or higher for candle pattern to trigger calls.
Based on daily chart, I am looking for stock to move lower since it has risen up to touch 20 SMA. You will see RSI go below 50 today or tomorrow on daily, and you can also look for signs on 30min chart.
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