Honeywell's stock (HON) kept rising in the intraday levels amid support from the 50-day SMA, while buoyed by piercing the main downward short-term trend line, with positive signals from the RSI despite reaching overbought levels, with the stock rising 0.69% in the last session, or 1.38 points, and settling at 202.25.
Therefore we expect more gains for the stock, targeting the first resistance at 206.40, provided it settles above 198.00.
Expected trend for today: Bullish