$HON - Looks promising here.

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:

Downside risk:



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