NYSE:HUM Humana's earnings showed little hope for 24` and said issues might run into 25'. I think next earnings will be the blow to knock it down to the 300 level. At this spot we run into a solid support and expect that to line up near 5 year trend line.
NASDAQ:GEHC GE Healthcare has been spun off for over a year now and for as old of a company it is I think there will be room for growth. We are just starting to see the new identity this company will be taking on with the recent acquisition in the AI field.
Compared to its peers its trading at a much lower PE ratio. Possibly setting this up to be a value play...
Bitcoin was showing some momentum but the FED has slowed that dash. Any close above 46,900 I believe we could shoot to the stars.
In the meantime it could be a few months before we gain any traction and buying the wicks below the closing channel could be the best long
term solution. It's also crypto so hang on and enjoy the ride.
With the current rising rate environment and BAC just being one of the best banks to capitalize we could see some upward movement in the next few weeks. Entry point currently around $39 Will continue to watch this area. I expect a quick touch of the trendline and a solid bounce higher.
Expecting money to flow into this beaten down ETF. Bottom starting to form and expecting a U shaped recovery in the next few months. Definitely one to keep an eye on!
