Honeywell establishes floor at former ceiling
The speakers argued that Honeywell is in an orderly, consistent uptrend, with its former multi-year range ceiling of $220 now acting as a key technical support floor.
The argument
The guest pointed out that the stock has pulled back slightly from all-time highs, presenting a potential entry point with a clear risk-management level. They suggested setting trailing stops just below the $220 level.
The thesis, stress-tested
✓ What validates it
- ✓Honeywell successfully holding the $220 to $225 range on pullbacks
- ✓Reacceleration of price to new all-time highs
▸ Risks discussed
- ▸A weekly close below the $220 support level would invalidate the bullish setup
Hear it yourself
"We're gonna start off with something a little bit different. And, yes, I am going to be reading this because I I wrote some notes. I thought, can I go off the cuff? And you know what? I'm just not that good. Okay? So forgive me. I wanna read some thoughts, that I think are important. One of the most important qualities that investors need to make money in a bull market, they need to be young. And I'm only half kidding. I'm not really actually kidding. So if you will indulge me, just I'm gonna get on my soapbox for, like, I don't know, three to four minutes."
05:15
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