HON trade ideas
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.
Honeywell on a good support - time to enter?Hello altogether!
Honeywell is looking pretty nice at the moment. Could be a good entry point around 214-220.
As usual: check for a confirmation that this is actually our support. If you can see it, grab it :)
HON $227-229 next weekMy favorite setup. Blue chip stock, ascending triangle. Calls have super low IV making them dirt cheap. 9/24 $225 call option $3.15. Hoping for a quick move early next week. Today's candle looks bullish, lets see what we get tomorrow.
Honeywell Distribution phaseRedline - resistance
Green line - Target/ gap close
Whiteline -Primary trendline since march 2020
Fell through trendline last week.
Most of all dow stocks are going through or went through a correction already.. now its honeywell turn
This is a weekly chart but i think a great entry cor a short would be below the next support which is the 100ma at 226
HON Daily TopNASDAQ:HON looks like a big top:
Looks similar to a head and shoulder top
Bottom trendline broken
MACD is collapsing
$HONHON is trying to break the Trend Resistance starting 3rd week of April. Seems to heavy to break that resistance. What will it take to push the prices higher? The Fed? Remember that HON is part of DOW30 and Nasdaq100.
$HON with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $HON after a Negative over reaction following its earnings release placing the stock in drift C
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HON. Two broadening ascending tops & volume spike before ER. HON chart catches my eyes with huge volume spike before today's earnings report.
The average volume is grater than it was in march 2020. Someone knows something?!
In detailed view one can identify two repetitive Descending Broadening Right-Angled Wedge on top ( see T. Bulkowski ) or/and the base on the base.
Not a recommendation, just an observation.
HON pushing furtherHON looking good. Long term trend being clearly obeyed.
Well above all averages and most others indicators all signal very bullish
