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HON Bull Flag Setting Up

HON Bull Flag Setting Up

by | Aug 26, 2021 | Chart SetUps

Honeywell (HON) consolidating in a bull flag above the 55-EMA and under its recent peak around $236.85. Shares have seen five or six narrow weekly closes and a breakout move has room to run to $250 in the short-term. HON is hitting the ‘ready to run’ scan today with MACD back around zero and curling higher while RSI is looking to clear a downtrend. Cloud support is just below at $228.