Justin
09-17-2009, 12:45 AM
Hi Neal,
Several months ago I purchased several shares of Humana (HUM). In a contrarian move I bought while the crowd sold. It's now in a rally and I'm curious what your thoughts are as to where it will go.
I've attached 2 charts (Weekly and Daily) showing some Fiblevels (Retracement and Expansion).
Looking at the weekly chart, TRSI is showing a good trend up. L3 from the high at the beginning of 2008 and the low (Double bottom) in March 2009 paired with P2 from the expansion (Mar, May, July 09) along with a couple trend lines makes me think somewhere between $42.84 & $45.13 is where it's going.
If you have some time, I'd appreciate and value your perspective on it.
Several months ago I purchased several shares of Humana (HUM). In a contrarian move I bought while the crowd sold. It's now in a rally and I'm curious what your thoughts are as to where it will go.
I've attached 2 charts (Weekly and Daily) showing some Fiblevels (Retracement and Expansion).
Looking at the weekly chart, TRSI is showing a good trend up. L3 from the high at the beginning of 2008 and the low (Double bottom) in March 2009 paired with P2 from the expansion (Mar, May, July 09) along with a couple trend lines makes me think somewhere between $42.84 & $45.13 is where it's going.
If you have some time, I'd appreciate and value your perspective on it.