Hewlett-Packard surrounded with positive signals - Analysis - 18-03-2021

Honeywell's stock (HON) returned higher with a 0.58% profit in the last session while readying to tackle the pivotal resistance of 216.43, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels.

Home Depot's stock (HD) fell 0.73% in the last session on profit-taking while gathering momentum to help it rise anew as it vents off overbought saturation in the RSI, with positive support from the 50-day SMA.

Wheat price succeeded to reach our first target at 629.40, expecting to break this level to extend the bearish wave towards 614.60 that represents our next negative station, supported by the EMA50 that continues to press on the price, reminding you that the continuation of the expected bearish wave depends on the price stability below 644.20.