HON - Post Earning Capitulation

3 באוג׳ 2022

HON breaking down here after a big gap post earnings looks like its an SRP through 100MA and also reversing just above 0.618.

With indexes probably topping short- mid term should be an easy ride down i think.

Not advice.

3 באוג׳ 2022

הערה

Could bounce slightly but its looking impulsive so i'll just hold a position from here

4 באוג׳ 2022

הערה

I did bounce today as i suggested and why i stagger my positions, but i think its just a topping pattern and will probably not get much further. Heading down soon enough.

5 באוג׳ 2022

הערה

Fall probably coming soon.

9 באוג׳ 2022

הערה

Very close to tagging the 200MA and 2 gaps now + bearish div - shouldn't be long before this falls.

15 באוג׳ 2022

הערה

Well I was a bit early on this one but I'm confident it will have a very unpleasant fall in the not too distant future. Its now passed the 50 week MA and now looking like it may hit 207. Max top is 220.

24 באוג׳ 2022

הערה

So it looks like the 50 week MA was the shakeout reversal landmark. Small star last week and if this week closes bearish body I'll say the top is probably in.

1 בספט׳ 2022

הערה

I was a bit early here but nasty monthly star just printed and now this looks like a great short to hold.