Honeywell rises cautiously - Analysis - 15-10-2021

2021-10-15 12:09:57 GMT (Economies.com)
 

Honeywell's stock (HON) rose 1.4% in the last session, settling at 218.59, amid negative pressure from the 50-day SMA, with the dominance of the downward correctional wave after piercing the main upward trend line recently.

 

Therefore we expect the stock to return lower, targeting the support of 207.80, provided it settles below 216.70.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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