Honeywell readies to tackle pivotal resistance - 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. 

Therefore we expect more gains for the stock, targeting the resistance of 230.00.

Expected trend for today: Bullish