HON - Post Earning Capitulation

2022年8月3日

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.

2022年8月3日

ノート

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

2022年8月4日

ノート

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.

2022年8月5日

ノート

Fall probably coming soon.

2022年8月9日

ノート

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

2022年8月15日

ノート

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.

2022年8月24日

ノート

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.

2022年9月1日

ノート

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