Honeywell seeks a bottom to bolster it - Analysis - 03-05-2021

Honeywell's stock (HON) fell 0.38% in the last session while seeking a bottom to bounce it higher anew, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels. 

Therefore we expect more gains for the stock, targeting the resistance of 231.80, provided the support of 216.43 holds on.

Expected trend for today: Bullish