Honeywell: Nearly There!Honeywell almost made it to the resistance at $210.61, which it should overcome as part of the current magenta wave (3). However, there is still a 32% chance that the price will pull back down into our magenta Target Zone between $188.24 and $180.93. This short-term bearish alternative scenario will be triggered if HON drops below the support at $189.66 before reaching a new high.
Nasdaqstocks
"THE DARK KNIGHT WILL RISE"_WARNER BROS to DOUBLE??The stock of the film and entertainment giant - Warner Bros set out in an impulsive Wave 1 in Dec of last year and had a 80% rally till Feb 2023. That was the end of Wave 1 for the stock and then since then the stock has only seen darkness. But darkness only makes the dark knight stronger (:P).
The stock has given up on almost all the gains it made during the Wave 1 rally and has retraced 90% of it!!! With where the stock is currently placed this is a long term bet that cannot be missed/ignored because of the unmatchable risk/reward it is offering at the moment.
The Wave 3 target for the stock is projected to be around 22-25$ mark.
BEHOLD!!
Note*- This analysis is based on personal observations/opinions. Kindly do your own research before making any financial decisions.
PepsiCo: Thirst for More 🥤PepsiCo is thirsty for more, heading upwards and striving for the green zone between $195.83 and $212.31 purposefully. Soon, the share should reach its goal and complete wave (I) in white. Afterwards, it should rebound from the upper edge of our pink trend channel and start an extended downwards movement, leaving the pink trend channel on the southern side and dropping below the support at $155.11. There is a 34% chance, though, that PepsiCo might finish wave alt.3 in green in the green zone instead and stop the descent above the support at $155.11. In that case, it should conclude wave alt.4 in green at this level and turn upwards earlier already.