Friday, January 20, 2023 6:30 AM EST
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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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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 trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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