$HON - RC -
Added 2025-02-19 12:55:11 +0000 UTCHere is the Cup and Handle formation again.
Evident on a lot of charts and across a number of sectors right now.
$HON is also popular with a lot of investors and we use their systems in our Airbus aircrafts.
Price is sitting on the 0.5 Fib now, below the 50 and 200 Day MA, so support still needs to be confirmed and this can still drop down to the 0.618 Fib at $196, once support is found, there could be a reversal next back up to the blue line at $236, holding above this level and the technical move is up to $306 next.
Fundamentals are solid but it is not a high growth company, FWD PE is 18 too.
Dividend of 2.2%
