Weekly chart shows clearly long-term bullish signal such as the resistance zone has been tested multiple times and has been weakened. Furthermore, 14-weekly period RSI is rising, confirming the bullish momentum and ADX is bottom out and rising. DM+ is above the 25-level.
Note
Brokes above the resistance and is nearing the new high, likely to see a return to the long-term uptrend.Trade active
Despite a huge sell off three weeks ago, Honeywell made foray into a new high. Selling pressure remain neutral for now. Will continue to hold for a long-term.Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.