Honeywell returns lower - Analysis - 05-10-2021

Honeywell's stock (HON) returned lower with a 0.67% in the last session, while hurt by piercing the main upward trend line recently, amid the dominance of the short-term correctional wave, with negative pressure from the 50-dy SM, s the stock tries to vent off oversold saturation in the RSI.

Therefore we expect more losses for the stock, targeting the support at 207.80, provided it holds below 216.70.

Expected trend for today: Bearish