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