WBG20

Potential play on UNH

Long
NYSE:UNH   UnitedHealth Group Incorporated
Daily support held for UNH in confluence with the 2/1 Gann which I would argue is solid confirmation that the trend remains intact. UNH was due for a correction so this is the kind of support we like to see especially after beating earnings and an sell-off throughout the market. Despite good fundamentals, they might not have been as good as investors wanted but its typical for bulls to find another grasp shortly after (examples: NKE, BABA, DIS, etc...). Resistance levels in yellow with most recent high and the ATH, $302 and $287, respectively. The fib retracement on this chart is more applicable to the hourly than the daily so watching momentum on the 1hr and 30min might expose some better entry points. Fib extension is more relative to the long-term, or at least to next quarter's earnings. Watching short term momentum for target 1 and then a confirmed breakout past $302 for target 2...
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