Humana Trading Analysis (08/08/2024)
The trend is ascending. The stock is trading in the range between 365 and 135 EMA. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and Stochastic Oscillator signals an oversold state.
Trading idea:
- Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss under the local minimum of the descending structure.
- Price targets at 363.50 and 380.00.
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