Honeywell suffers from negative pressure - Analysis - 01-08-2019

Honeywell's stock fell in the intraday levels while hurt by piercing the main upward short-term trend line, trespassing the support of the 50-day SMA and doubling the pressures on the stock, with negative signals from the RSI. 

Therefore we expect more losses for the stock as long as the resistance of 173.80 holds on, targeting the support of 167.76. 

Expected trend for today: Bearish