Honeywell International: Expected Move Towards Current Level Of Resistance

[ad_1]

Once we have a look at the Honeywell’s (NASDAQ:) chart, we are able to see it buying and selling a downtrend as the general market sentimentality continues to worsen. The previous few days, it fell from $214 to $200 with none indicators of slowing down, lastly forming assist at $199 and shutting close to breakeven throughout yesterday’s session. It was final discovered buying and selling at $202.49 with the closest overhead resistance of $206 and assist at $199.

At present we are able to anticipate a transfer in direction of the $206 resistance or consolidation on the present degree.

If nonetheless, it doesn’t handle to carry on to the present degree then a transfer in direction of and under the $199 may be anticipated.

Honeywell Worldwide Inc.

Disclaimer: Fusion Media want to remind you that the information contained on this web site isn’t essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs aren’t offered by exchanges however slightly by market makers, and so costs is probably not correct and should differ from the precise market value, which means costs are indicative and never acceptable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any duty for any buying and selling losses you would possibly incur on account of utilizing this information.

Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or injury on account of reliance on the data together with information, quotes, charts and purchase/promote indicators contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is without doubt one of the riskiest funding varieties potential.

[ad_2]