Humana Inc. (HUM) recently experienced a significant drop of about 40%, landing on a 10-year support line. Is this the end of the decline for Humana? If so, this could present a very good buying opportunity.
- The RCI 3 line indicator shows a triple bottom.
- The RSI was oversold, reaching around 18, and has crossed above the moving average.
- The chart displays a rare buying signal, last seen in May 2019.
If the price recovers, a profit of 50% is possible. What do you think?