This Year, Honda dived through this Level and made a new low at 24.5$
After this break, Honda retested this former 2 times but could not overcome this level.
As Long Honda is trading below 28$-28,75$ this Level still remains as a . With my technical view i see a clear . The TP of this pattern could be 21,5-22,5$.
Prices above the old (~28,5) will generate a Long Setup with taget @ the midterm downtrend`s uper edge @ 30,5-31$
In my Chart i have illustrated the mentioned short Position by virtue of the .