Honeywell rises in volatile session - Analysis - 18-11-2022

Honeywell's stock (HON) rose in the intraday levels, while buoyed by piercing the main downward trend line previously in the short term, with positive support from the 50-day SMA, while the RSI reached oversold levels. 

Therefore we expect more gains for the stock, targeting the resistance of 221.90, provided the support of 204.25 holds on.

Expected trend for today: Bullish