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RizeSenpai
Feb 1, 2024 7:17 PM

Humana Breaking Below Support, Targeting Drop to $215.17 Short

Humana Inc.NYSE

Description

Humana has broken the BAMM trigger line of a Harmonic Crab pattern and is now breaking below the $387-$375 support zone.

Harmonically, we would expect to see an accelerated move down to the 1.618 PCZ aligning with the $215 price level and it could even go as low as the HOP at $152. For the time being, I will be getting very wide Bear Call Spreads with the intent on at least capturing the move down to $300.
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