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How the price action of Honeywell International (HON) is used to our Advantage

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Honeywell International (NYSE: HON) data table below can help you with price action, and we have more details too. Trading plans for HON are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for HON
  • Buy HON slightly over 175.64 target 187.85 stop loss @ 175.13 Details
  • The technical summary data tells us to buy HON near 175.64 with an upside target of 187.85. This data also tells us to set a stop loss @ 175.13 to protect against excessive loss in case the stock begins to move against the trade. 175.64 is the first level of support below 178.79 , and by rule, any test of support is a buy signal. In this case, support 175.64 would be being tested, so a buy signal would exist.

  • Short HON under 187.85, target 175.64, stop loss @ 188.39 Details
  • The technical summary data is suggesting a short of HON as it gets near 187.85 with a downside target of 175.64. We should have a stop loss in place at 188.39though. 187.85 is the first level of resistance above 178.79, and by rule, any test of resistance is a short signal. In this case, if resistance 187.85 is being tested, so a short signal would exist.

Swing Trading Plans for HON
  • Buy HON slightly over 181.75, target 187.85, Stop Loss @ 181.23 Details
  • If 181.75 begins to break higher, the technical summary data tells us to buy HON just slightly over 181.75, with an upside target of 187.85. The data also tells us to set a stop loss @ 181.23 in case the stock turns against the trade. 181.75 is the first level of resistance above 178.79, and by rule, any break above resistance is a buy signal. In this case, 181.75, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short HON near 181.75, target 175.64, Stop Loss @ 182.27. Details
  • The technical summary data is suggesting a short of HON if it tests 181.75 with a downside target of 175.64. We should have a stop loss in place at 182.27 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 181.75, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for HON
  • Buy HON slightly over 180.85, target 181.75, Stop Loss @ 180.43 Details
  • If 180.85 begins to break higher, the technical summary data tells us to buy HON just slightly over 180.85, with an upside target of 181.75. The data also tells us to set a stop loss @ 180.43 in case the stock turns against the trade. 180.85 is the first level of resistance above 178.79, and by rule, any break above resistance is a buy signal. In this case, 180.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short HON near 180.85, target 177.74, Stop Loss @ 181.27. Details
  • The technical summary data is suggesting a short of HON if it tests 180.85 with a downside target of 177.74. We should have a stop loss in place at 181.27 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 180.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

HON Ratings for June 22:

Term →Near Mid Long
Rating Weak Neutral Weak
P1 0 0 175.64
P2 177.74 175.60 187.85
P3 180.85 181.75 199.82
Triggers may have already come
Support and Resistance Plot Chart for HON

HON Long Term Analysis for June 22 2022

Blue = Current Price
Red= Resistance
Green = Support

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