HON Faces Resistance as EMAs Turn Bearish
Honeywell International Inc (HON) closed up 0.55% at $207.73 on October 10.
Technical indicators paint a bearish picture:
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $202.39.
Traders are watching $202.39 on the downside and $216.66 on the upside.