Trading idea for Humana Inc. (NYSE)

Humana Inc. (NYSE)

#HUM

The trend is upward. The stock is trading between the 365 EMA and the 135 EMA. The downward wave pattern is truncated. Both the Awesome Oscillator and the Stochastic Oscillator show a bullish divergence.

Trading idea:

Buy upon the formation of an upward wave pattern, where wave (A) breaks through the trendline (inclined channel) of the truncated downward pattern.

Stop Loss – 410.50.

Target levels – 425.00; 432.00.