Elliott Wave Technical Analysis: Honeywell International Inc., Tuesday, Dec. 13

Honeywell International Inc., Elliott Wave Technical Analysis

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Honeywell International Inc., (HON): Daily Chart, December 13, 2022

HON Stock Market Analysis: Moving higher as expected from the previous forecast. We are looking at one last move higher into wave 5 to then complete higher degree wave (1).

HON Elliott Wave Count: Wave 4 of (1).

HON Technical Indicators: 20EMA acting as support,

HON Trading Strategy: Looking for further confirmation that wave 4 has finished before considering longs.

TradingLounge Analyst: Alessio Barretta

Honeywell International Inc., HON: 4-hour Chart, December 13, 2022

Honeywell International Inc., Elliott Wave Technical Analysis

HON Stock Market Analysis :It looks like we have a clear five wave move in wave {c} and the overall correction could be finished as we are also reacting from the parallel trend channel.

HON Elliott Wave count: Wave {c} of 4.

HON Technical Indicators: 20EMA acting as resistance.

HON Trading Strategy: Looking for longs once we break the top of wave {b} and we see a clearfive wave move off the lows.


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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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