Will History repeat itself?
Honeywell Auto is near a 14 year old trendline. It is a log chart.
It has a tendency to trade in flag patterns. Both trendline and flag started in 2009 and is still continuing. Every time before giving a breakout it comes near the line. It has happened in the past twice. Same thing is repeating now.
Therefore it will be interesting to see how everything plays out. Hence it is at an important position to study business from various other perspectives including fundamental analysis and cycle analysis.
It has a tendency to trade in flag patterns. Both trendline and flag started in 2009 and is still continuing. Every time before giving a breakout it comes near the line. It has happened in the past twice. Same thing is repeating now.
Therefore it will be interesting to see how everything plays out. Hence it is at an important position to study business from various other perspectives including fundamental analysis and cycle analysis.
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