NYSE:HUM is in the early stages of an island bottom reversal. Island reversals are interesting patterns. They are formed by two gaps that leave a stranded range of price action. They have failure rates of 13% for island tops and 17% for bottoms. Island bottom reversals have an average rise of 34% and a most likely rise of 20%. Island bottoms also throw back to...
Strategy Overview: The Frequency Formula
Our trading strategy, "The Frequency Formula," is built on cutting-edge Fourier Wave Transform theory. The strategy utilizes four unique indicators: the Frequency Formula Chop Indicator (FF-CI), Frequency Formula Trend Indicator (FF-TI), the Frequency Formula Volume Indicator with Combined Ratios (FFVI-CR), and the...
Humana Inc - 30d expiry - We look to Buy at 481.11 (stop at 468.38)
Price action continued to range between key support & resistance (480 - 515) although we expect a break of this range soon.
The primary trend remains bullish.
We look to buy dips.
Short term momentum is bearish.
We look for a temporary move lower.
Our profit targets will be 512.88 and...
Healthcare is beaten down and I am now long Humana (250 shares), United Health Group (500 shares), Cigna (long call options).
Long 1/2 position here. Bounce looks to be imminent. Could go a bit lower but the chart looks excellent for a bounce on this healthcare sector growth company.
Daily hammer candlestick close after a very nice retracement and gap fill....
Humana Inc - 30d expiry - We look to Buy at 481.11 (stop at 468.38)
Price action continued to range between key support & resistance (480 - 515) although we expect a break of this range soon.
The primary trend remains bullish.
We look to buy dips.
We look for a temporary move lower.
Expect trading to remain mixed and volatile.
Our profit targets will be...
Top line slopes down and the bottom line is almost flat.
There is also an M pattern that may be a Bat. This has gone slightly below the .886 but this pattern can also reach the 1.113.
The support of the triangle (bottom line) has contained it fairly well so far.
Price is slightly above the .236 of the trend up in spit of a significant pull back.
No...
Top line is sloping down. The bottom line is flat.
Price is still above support.
Triangles are neutral until broken.
Healthcare stocks were run up to the max and now it appears they are paying the price.
No recommendation
The PEAD projected a bullish outlook for $HUM after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
Hello dear Traders,
Here is my idea for #HUM
Price closed above yellow line
Targets marked in the chart
Invalidation level marked with red line
IV30 % Rank: 6% Subdued
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
Humana bounced off the Fib resistance zone. Key support at $478.41 needs to hold in order for the trend to change direction. A close above $520.77 may indicate a new uptrend maybe on cards.
Disclaimer: My opinion on stocks are mine alone and not to be taken as Investment advice.
Humana Inc. ( NYSE:HUM )
Sector: Health Services (Managed Health Care)
Market Capitalization: 64.611B
Current Price: $510.54
Breakout price trigger: $515.20
Buy Zone (Top/Bottom Range): $496.45-$473.95
Price Target: $562.30-$568.90
Estimated Duration to Target: 147-156d
Contract of Interest: $HUM 1/20/23 520c
Trade price as of publish date: $26.20/contract
Humana Inc
Short Term - We look to Sell a break of 480.38 (stop at 489.09)
Short term momentum is bearish. Daily/Weekly Ichimoku Cloud resistance is seen at 488. Further downside is expected. A break of 480.00 is needed to confirm follow through negative momentum.
Our profit targets will be 455.29 and 440.00
Resistance: 500.00 / 520.00 / 580.00
Support:...
If you have been invested in healthcare stocks or ETF's you may want to take profits between now and the end of October. I am keeping an eye on this chart for some good trades. It is a low volume stock with very low options volume, so be very selective with your entry time/place and your option price. Daily trading ranges can be large or small, so give extra...
Bearish Crab.
It appears the last leg up of this Crooked W terminated just above the 1.618.
No recommendation.
Bearish Harami Cross so far today.
Price is well above the .236 of the trend up
Rising Wedges noted.
The PEAD projected a Bullish outlook for $HUM after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 20%.
A nice running flat detected.
This is the update to the earlier idea for Humana. Linked to this idea.
As a rule for entering any trade, need to get a confirmation.
There are different classical entries - for zigzags, flats, just google. They are simple, but you have to be patient, even if the core structure looks complete.
Don't trade expectations, any entry...
Or a false break? Lately breakouts are often false. need to be cautious.
1. Beakouts should be supported by large volumes. 50/50 in this case
2. If it ultimately goes up, 635 is the target.
Note, this is not a fin recommendation.
Trade safe
