HON SwingLooking to swing HON on a breakout here at 205 based off simple support resistance and the news catalysis of Biden sending troops to Ukraine
HON trade ideas
Ugly Top Possible stop over where you see resistance or over neckline of 211.78.
No recommendation.
Multiple ascending and narrowing rising wedges below price.
Short percent is less than 1 %.
I do not go short as a rule, but I do like to know where how far price may fall so I know where to buy again. The smaller orange numbers are targets 2 for a fall in price.
$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.
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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.
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!
Head and Shoulders / WeeklyWatch price rejection during resistance retesting in the daily timeframe.
Head and Shoulders Pattern in $HONSeems to be a head and shoulders pattern in $HON where the $211.64 area is serving as good resistance. Also seems as if we're near completion of a Zig-zag correction. Would like to see us break above $211.64 with $216.74 in site. Will update as time progress.
Buy Honeywell Honeywell is a company with good fundamentals with a potential 1:3 risk reward ration.
Don't forget your Stop Loss = 200. (just in case the market goes the other way)
$HON [90% : 10%] [HONEYWELL INTERNATIONAL INC] Bearish Setup.NASDAQ:HON Price is currently testing 1 major wedge and the lower wedge of a broken channel, this is a significant zone for those who are interesting to go short. 1st target is 195, second one could be 184.
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Honeywell International Long Ideasimple impulse wave pattern at place Honeywell has deeply fallen in a well established uptrend this is a discount imo price will most likely make its way back to 228. if you feel like this chart idea has helped you in any way leave a like and follow for similar ideas like this one 👍
$HON with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $HON after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
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Contracting IVR and Channel formation The start of September IVR picked up and we can see a series of red candles within that same time range. Now as IVR settles back down to its stable range then there should be less dramatic movement in the stock price.
Should price continue within the current range then being able to play with price between the two values would be a manageable trade with appropriate trade execution.
HONEYWELL INTERNATIONAL : CMP 220 Best Time to buy for short term Investor...stock is currently undergoes in a daily timeframr correction which expected to complete maybe in next one or two months...Stoploss will be 200 for this trade...stock expected to test levels of 290+
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.
