Honeywell sharpens decline - Analysis - 16-08-2019

Honeywell's stock fell in the intraday levels amid negative pressure from the 50-day SMA, with negative signals from the RSI, amid the dominance of the downward correctional wave in the short term after piercing the main upward trend line recently. 

Therefore we expect more losses for the stock, especially if the support of 162.66 was breached, targeting the next one at 153.63. 

Expected trend for today: Bearish