$HUM, $XLV, Healthcare sector worth watching now

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 consideration to time frame and holding time in your trade plan.

Please note on the chart:
* Linear regression channel shown from 2019
* Yellow dashed lines showing 370-470 trading range
* Light yellow rectangle shows two-year range which was recently broken higher
* White line (channel center) regularly acts as support or resistance, price is wavering along this line
* RSI only had one instance of going over 67 (white oval) or under 33 since 2019, and that resulted in sharp reversal, for now it is moving lower
* Stochastic %D has completed three peaks since dipping below 30 and is now turning down

Price was weak on Monday and closed lower, but still in its recent range (sideway. I am looking at a few possibilities for trades:
* If the market rallies this week HUM may stay under the white line and selloff down to 457, 435
* If the anticipated October leg down occurs, then price may move up to analysts' 550 price target (also top of channel)
* Price has been sideways for two weeks, so it should move higher/lower soon

Comment:

In the trade possibilities, I need to mention that HUM could also selloff with markets in October, in true panic selling. Regardless of what the broad market does and when, some great trades may setup here.
Also worth checking $UNH and $XLV, as they have higher volumes.