Short $HON Broke major upward trend line Target $215
My favorite setup. Blue chip stock, ascending triangle. Calls have super low IV making them dirt cheap. 9/24 $225 call option $3.15. Hoping for a quick move early next week. Today's candle looks bullish, lets see what we get tomorrow.
Redline - resistance Green line - Target/ gap close Whiteline -Primary trendline since march 2020 Fell through trendline last week. Most of all dow stocks are going through or went through a correction already.. now its honeywell turn This is a weekly chart but i think a great entry cor a short would be below the next support which is the 100ma at 226
NASDAQ:HON looks like a big top: Looks similar to a head and shoulder top Bottom trendline broken MACD is collapsing
The PEAD projected a Bullish outlook for $HON after a Negative over reaction following its earnings release placing the stock in drift C If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
HON chart catches my eyes with huge volume spike before today's earnings report. The average volume is grater than it was in march 2020. Someone knows something?! In detailed view one can identify two repetitive Descending Broadening Right-Angled Wedge on top ( see T. Bulkowski ) or/and the base on the base. Not a recommendation, just an observation.
Buildup under strong resistance, looking for breakout + backtest + ham sandwich
HON looking good. Long term trend being clearly obeyed. Well above all averages and most others indicators all signal very bullish