PaperBozz

$HON - Looks promising here.

Long
BATS:HON   Honeywell International Inc.
HON looks interesting here. It is trading inside a descending wedge. MACD is showing bullish divergence and is about to perform a bullish cross.

If it can break out of the descending wedge, it could travel much further.

Keep an eye on the critical resistance area at $192.

Upside targets:

$192
$195
$203
Downside risk:

$172

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