Honeywell keeps rising cautiously - Analysis - 29-12-2021

Honeywell's stock (HON) rose 0.30% in the last session, with positive signals from the RSI, settling at 207.05, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the first support at 202.50, provided the resistance of 211.75 holds on.

Expected trend for today: Bearish