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HONEYWELL INTL DL1HH

HONEYWELL INTL DL1

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Potential 2Down 2Up Weekly Reversal For HONPotential 2Down 2Up Weekly Reversal For HON : Per the Strat, this week I'm watching ticker HON (Honeywell International Inc) for a weekly entry trigger at 221.37 (last weeks high). If that trigger is met, I'll look for it to reach a magnitude of 225.71 (week before last weeks high). If it can reach magnitude, then it could also continue up to previous highs. Just look out for a reversal if it continues up after the original 225.71 magnitude.
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by Whooski
$HON - a scary case of head & shoulder + gap fill?Honeywell is in H&S formation. The price bounced from the neck line around $195. Not all H&S break down below the neck line. But one thing that is worrisome is a huge gap right below the neck line that could get filled. It resisted filling this time and will probably head to the shoulder line area of $217 to $220 area. ER is in about 3 days so it could either send the stock past $220 or break below $195 and fill the gap at $185. There is no way of knowing. The stop loss can be set at $194. Trader would have to be nimble and raise stop loss as the price climbs as it can break down rather quick. Target 1 - $217 Target 2 - $220 Risk - breaking below $195 and fill the gap at $185. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NLong
by PaperBozz
More honey, Honeywell. HONA nice bounce off on the 1.272 border on the Fib Channel. This is resonantly reassuring. Looking for a move up now, supposedly X Wave. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NLong
by Rykin_Capital