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Analysis: #NYSE $HON

Case 268 #Honeywell International Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#HON 1/4
Chart 1
Weekly Chart: The steep and violent decline from Jan. 2020 has created long term damage to the #uptrend - the last time price traded below the SMA 200 was back in Oct. 2011. Formidable #resistance is .....

HON 2/4
..... seen at 156.50 - 164.30 while strong #support lies at 82.45 (#pivot) and 75.75 (current: Monthly #SMA 200).

HON 3/4
Chart 2
Daily Chart: A close below 122.80 will signal a deeper #retracement is in process.

The #Strategy is printed on the image.

$HON 4/4
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