Today’s instrument is the Honeywell Int. Inc.’s Corp. stock traded in the NYSE exchange under the ticker HON.
When we look at the HON’s chart, we can see it trading a downtrend as the overall market sentimentality continues to worsen. The past few days, it fell from $214 to $200 without any signs of slowing down, finally forming support at $199 and closing near breakeven during yesterday’s session. It was last found trading at $202.49 with the closest overhead resistance of $206 and support at $199.
Photo by Austin Distel on Unsplash
Today we can expect a move towards the $206 resistance or consolidation at the current level.
If however, it doesn’t manage to hold on to the current level then a move towards and below the $199 can be expected.
(Click on image to enlarge)
Comments
Log in or sign up to join the conversation.