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NickWA
Nov 5, 2019 11:40 PM

Be careful with UNH Short

UnitedHealth Group IncorporatedNYSE

Description

This descending trendline is problematic. If you bought lower, it may be time to take profits. If you don't have a position, I'd consider shorting the stock and see if you can ride it down to $212 or so.

Comment

So instead of hitting resistance and dropping after a huge month-long run, UNH broke out in a big way this week. Former resistance now becomes support.
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