Loss deal
22 Sep.
The stock takes a Long time to act Like what I was predict. I admit I have bothered from price action
and I admit That is so difficult To use or combine many technical school To reach a one possible result, HON give me good example as You can see the stock penetrates a resistance near 43-44$, by applying technical analysis rules, the Traders should buy This stock. On another hand, when try to apply EWP, The opposite action Should be taken (short) as showing on Chart. Sometimes I ignore EWP especially when technical analysis Shows a good signal supported with high volume, fortunately that doesn't apply on HON.
I have been waiting this stock since it was in bottom, and have a confident it will return to current prices. I might it a good chance to short stock or buy PUT option for OCT. strike 43, the target is preceding bottom. and stoploss will be announced next updating.
UPDATE
sell oct. and buy nov. same strike
60 min chart
Iam buying PUT option strike 43 Oct. before close.
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