Honeywell today steps in the spotlight as the company pointed its new President on China, its largest country market outside the U.S. Scott Zhang now replaces William Yu that was promoted to the global leadership. Zhang has a hard task ahead to help the company to continue to thrive in the Asian Market amid the clashes of the Trade War. On the overall aspect,...
Wait for continued confirmation, but looks like target of 159 and stop of 129 for this long trade following a pipe bottom pattern.
HON broke out of a Market Profile pattern today. Expect follow through towards the old highs. Aim for at least a 4.5 to 1 trade