BY LICIA LESLIE
August 23, 2023
Hey Shoppers,
It is quite possible Honeywell (Ticker: HON) is experiencing a bullish divergence.
Check it out:
HON traded lower but the RSI had a higher lower.
The stock is in the middle of my pitchfork, but it did trade down and has so far honored the support of that previous low back in March.
I would like to see a couple more days of bullish action before hopping in.
That low on Friday is a nice stop loss spot, a close below $185.
A good one to keep an eye on.
Trade Review
The Merck (Ticker: MRK) bull flag did not pan out, the stock collapsed yesterday.
Apple (Ticker: AAPL) still flirting with my resistance area of $177-$178. Should be making a move soon.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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