Honeywell International Inc.
Short
Aggiornato

HON - Post Earning Capitulation

HON breaking down here after a big gap post earnings looks like its an SRP through 100MA and also reversing just above 0.618.

With indexes probably topping short- mid term should be an easy ride down i think.

Not advice.
Nota
Could bounce slightly but its looking impulsive so i'll just hold a position from here

istantanea
Nota
I did bounce today as i suggested and why i stagger my positions, but i think its just a topping pattern and will probably not get much further. Heading down soon enough.
Nota
Fall probably coming soon.

istantanea
Nota
Very close to tagging the 200MA and 2 gaps now + bearish div - shouldn't be long before this falls.
istantanea
Nota
Well I was a bit early on this one but I'm confident it will have a very unpleasant fall in the not too distant future. Its now passed the 50 week MA and now looking like it may hit 207. Max top is 220.

istantanea
Nota
So it looks like the 50 week MA was the shakeout reversal landmark. Small star last week and if this week closes bearish body I'll say the top is probably in.

istantanea
Nota
I was a bit early here but nasty monthly star just printed and now this looks like a great short to hold.

istantanea

Declinazione di responsabilità