Honeywell moves in an ascending channel

10 June 2022 359
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Since the end of February last year, Honeywell stock price has been moving in an ascending channel. In recent weeks, Honeywell's price has been near the lower boundary of the channel. Yesterday an Inverted Hammer reversal pattern appeared in the daily chart. We expect Honeywell stock price to grow towards the upper boundary of the channel with an initial target of the round 200 level.

This content is for informational purposes only and is not intended to be investing advice.

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