Home Depot: Steady up trend

Weekly trend identification tools indicate bullishness.
Price and Lagging Line are above the cloud.
GMMA short-term group is well separated and moving up.
Long-term group is separating.
Distance between short-term group and long-term group is widening.


Daily trend identification tools indicate bullishness.
Price and Lagging Line are above the cloud.
Long-term group is well separated in a parallel pattern.
Distance between the groups of averages is constant.


Outcome:

23 Jan: Opened LONG at $44.19
22 Feb: Closed at $47.17
Reason for closing: Key Reversal Day on 21 Feb observed from:
a. Price gapping up at the open.
b. Large intra-day range compared to the preceeding sessions.
c. Price closing near the previous close
d. Heavy volume.
Profit $2.98, 6.7%