BY LICIA LESLIE
August 13, 2023
Hey Shoppers,
The Honeywell (Ticker: HON) chart is sporting a bullish engulfing candle created on Wednesday:
This candle is signaling an end to the downtrend HON has been in since July 26th.
I am thinking HON could trade back up to $200.
Looking at the calls:
Next week’s 192.50s for under a dollar may not be a bad purchase.
Trade Review
In my last write up, I said to keep an eye on Apple (Ticker: AAPL) as it was hovering over a support/resistance level at $177-$178.
AAPL closed at $177.79.
Need to keep watching for a direction.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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