Mentioned this a while ago and here we are.
Stock touched 181.2 several times.
If it cant hold these levels ... well obviously it goes lower. Trouble is the next stop is quite a bit lower.
Support here is weak. We could see 170 or lower in a heart beat.
Hope not as the business would start to react at those levels.
Place your bets... what do you think?
When did match vest? Yeah thought so. Screwed again.
7 replies (most recent on top)
UOP maybe for sale or parts of it
Short the $h&+ out of Honeywell stock and make $$$ all the way down to $25 where this sh&_ ho-e company belongs. No better than the GE Jack Welsh re--rds running the show at all the other dinosaur conglomerates. GET OUT WHILE YOU CAN
@OP does make a point that stock price does seem to be important to leaders and leaders will make changes (layoff cuts footprint reduction) based on price.
I get it.. pay attention it is probably not the time to count on smooth work paychecks just yet.
who cares most stocks are correcting significantly, it's not necessarily a honeywell issue.
While charts on support and resistance levels based on past performance are relatively straight forward, many investors dismiss them entirely because the levels are based on past price moves, offering no real information about what will happen in the future. There are too many variables that can affect future stock prices. Boeing would be a good example with the 737 MAX debacle.
There's an old investing principal that states "past performance is not indicative of future results".
No chance. They dont have the guts to sell.
Hope for a buyout.