Elliott Wave Technical Analysis: Honeywell Inc.

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Honeywell Inc., Elliott Wave Technical Analysis

Honeywell Inc., (Nasdaq: HON): Daily Chart, 20 January 23,

HON Stock Market Analysis: Looking for a pullback in wave (2) to find support soon. We Broke the previous wave (B) which gives us additional confidence in the fact we are in a wave (1).

HON Elliott Wave Count: Wave C of (2).

HON Technical Indicators: Looking for support on the 200EMA

HON Trading Strategy: Looking for the end of wave (2) to enter long.

TradingLounge Analyst: Alessio Barretta

Honeywell Inc., HON: 4-hour Chart, 20 January 23,

Honeywell Inc., Elliott Wave Technical Analysis

HON Stock Market Analysis: We have reached and past equality of C vs. A and we barely passed the 200EMA. I would not like to see 1.618 being broken.

HON Elliott Wave count: Wave {v} of C.

HON Technical Indicators: Below all averages.

HON Trading Strategy: Waiting for a turn to start looking for longs.


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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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