WaveClout

Honeywell in Wave 3 (daily); Run up to earnings

Long
NYSE:HON   None
I believe we're in a Wave 3 on the daily chart . Price target $195. I think, between now and earnings (1/27), there will be global forces (i.e., trade deals, appeasing fed, etc.) that will run this (and similar equities) up a to earnings . My price target may be included with the result of earnings, which from what I've briefly read should be a turnaround story from Q319. I'll look to buy Call Weekly Call options expiring right before earning if price breaks through and closes above the supply zone of $180.68.
Comment: Broke Flag/Cup brim following day on news of acquisition (up 1.5%)

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