Honeywell International is trading in a symmetrical triangle channel and needs to breakout on either side to confirm the trend.
On upper side breakout - target is 250+
On lower side breakout - target is 150-160 approx
This is long term view 1- 2 years.
Note - Trade only on monthly final closing basis else you may get stuck in false breakout.
This name sold off after their earnings where they revealed that they are really feeling the impacts the supply chain disruption. I think any pop back into the 220 area is a good spot to try to fade the name with risk over the 220 area.
