HON - Post Earning Capitulation

٣ أغسطس ٢٠٢٢

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.

٣ أغسطس ٢٠٢٢

ملاحظة

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

٤ أغسطس ٢٠٢٢

ملاحظة

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.

٥ أغسطس ٢٠٢٢

ملاحظة

Fall probably coming soon.

٩ أغسطس ٢٠٢٢

ملاحظة

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

١٥ أغسطس ٢٠٢٢

ملاحظة

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.

٢٤ أغسطس ٢٠٢٢

ملاحظة

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.

١ سبتمبر ٢٠٢٢

ملاحظة

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