Aug. 2 at 10:58 PM
$HON is showing an attractive PEG setup while building a fairly standard technical breakout pattern. If the market can maintain upside momentum this month, a move above the
$250 resistance level becomes the key area to watch.
Ideally, I’d like to see a few more sessions of sideways consolidation before a strong breakout attempt.
If
$HON clears and holds above
$250 in the next few sessions, I’d consider watching the 9/18
$270C setup.
Watch the market build before the next major move. Tracking price action, volume, and confirmation signals.
