Stock: HOME
Company: AllHome Corp.
Support: 8.50
Resistance: 9.50


It looks like the stock is off to a solid start, despite being down YTD so far. The past two trading weeks, HOME was observed cementing the 8.50 level as a solid support with which it could finally bounce back up to pre-COVID levels.

Indicators, however, are steady on weak sell signs. MACD signal lines are nearing convergence but still maintaining bearish sentiment. RSI is nonetheless at a healthy 60.65. ADX is showing flat momentum.

All things considered, HOME may be in for some sideways consolidation for the next few days.

Recommendation

Trade the range.

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