The Home Depot, Inc. (HD:NYSE) is preparing for it’s next move. Check out the 10 year monthly candle chart. After completing and reaching 2 previous targets, a continuation consolidation pattern is being traced out.

Here is the 5 year weekly candle chart. Support line got tested, now etching towards the resistance line.

Zoom in on the 1 year daily candle chart. Price action right now in no man’s land.

My alert is set at 118. A monthly candle close above that level will give me a target of 129.50. Easy as that!