Honeywell's stock (HON) fell 1.39% in the last session, settling at 199.42, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, while the RSI reached oversold levels.
Therefore we expect more losses for the stock, targeting the pivotal support of 194.50, provided the resistance of 211.75 holds on.
Expected trend for today: Bearish