UNH has been in a free fall been absolute chaos for..reasons.
I see a possible Shark. Sharks can complete at the 886 or the 113. This happens to be around the 236 and 382 of the Macro fib retracement. We also have the 200 Monthly SMA.
So where does it stop tumbling? The 236, the 382 or the 200 Monthly SMA? I am betting it goes to the 236 and bounces sometime around earnings. Notice that trendline that goes back to 1998 that acts as support. I am betting it bounces around where the trendline and 236 intersect sometime around the next earnings. That's a good spot to go long.
I see a possible Shark. Sharks can complete at the 886 or the 113. This happens to be around the 236 and 382 of the Macro fib retracement. We also have the 200 Monthly SMA.
So where does it stop tumbling? The 236, the 382 or the 200 Monthly SMA? I am betting it goes to the 236 and bounces sometime around earnings. Notice that trendline that goes back to 1998 that acts as support. I am betting it bounces around where the trendline and 236 intersect sometime around the next earnings. That's a good spot to go long.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.