Honeywell fireworks celebration after a new All-time High Long

Description

⋅ Nov 10, 2020 4:46 AM

HON huge gap up after hitting an all-time high. Watchlist and wait for a flag or other base pattern to form. An entry here would require a 10.98% stop loss based on the 10d ATR (x2.7). A smaller position size of R9.11.

Stop loss: 10.98% (175.36)
Position Size: R9.11

Support and Resistance