Honeywell sharpens decline - Analysis - 21-09-2021

Honeywell's stock (HON) fell 1.26% in the last session amid negative negative pressure from the 50-day SMA, with the dominance of the downward correctional wave in the short term, countered with positive signals from the RSI after reaching oversold levels. 

Therefore we expect more losses for the stock, targeting the support of 207.80, provided the support of 216.70 was breached. 

Expected trend for today: Bearish