Let's check out the charts and indicators.
In this daily bar chart of HD, below, we can see a generally positive/bullish chart as prices challenge the September highs. HD is above the rising 50-day moving average line and the flat 200-day line.
The daily On-Balance-Volume (OBV) line bottomed in December to March and then began a rise that has confirmed the price gains as buyers of HD have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line in a bullish configuration.
In this weekly bar chart of HD, below, we see a mixed picture. Prices are either making a large triple top in the $210-$215 area, or a very large consolidation pattern that could result in considerably higher prices in the months ahead.
HD is above the flat 40-week moving average line. The weekly OBV line shows a rise from December, but it is still short of making a new high. The weekly MACD oscillator is bullish.
In this Point and Figure chart of HD, below, we can see that prices broke out above the 2018 high of $209.59. The software is projecting a potential price target of $260 for HD.
Bottom line strategy: HD looks capable of making an upside breakout over $215. Probe the long side with a stop below $204 in case this is a top and not a continuation pattern. Target the $250-$260 area.