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Honeywell price soars - Forecast today - 21-06-2024
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Honeywell price soars - Forecast today - 21-06-2024
Jun 21, 2024 10:08 AM

Honeywell Internationals stock (HON) kept rising in the intraday levels, after piercing the pivotal resistance of $210.60, amid the dominance of the main upward trend in the short term, with positive support from the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels, with a surge in trading volumes.

Therefore we expect more gains for the stock, targeting the first resistance at $220.60, provided it settles above $210.60.

Trend forecast: Bullish

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