By
Peter Mathers
of
Trading Lounge
Thursday, September 15, 2022 10:29 AM EST
Honeywell International Inc., Elliott Wave Technical Analysis
Honeywell International Inc., (HON:NASDAQ): Daily Chart, September 15 2022,
HONStock Market Analysis:Looking for a three wave pullback to be nearly completed.
HON Elliott Wave count: {c} of 2.
HONTrading Strategy:Wait for wave {i} of 3 to have further upside confirmation.
HONTechnical Indicators:We are below all averages, but the RSI is getting into the oversold area.
TradingLounge Analyst: Alessio Barretta
Honeywell International Inc.,HON: 4-hour Chart, September 15 2022
Honeywell International Inc.,Elliott Wave Technical Analysis
HON Stock Market Analysis: Looking for wave {c} to be nearly completed.
HONElliott Wave count: (v) of {c}.
HON Technical Indicators: We are below all averages but we are starting to form bullish divergence on the RSI.
HONTrading Strategy: Looking for upside resumption first.
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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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