Healthservices

Bullish potential detected for RHC Entry conditions: (i) higher share price for ASX:RHC along with swing up of indicators such as DMI/RSI, and (ii) observation of market reaction around the potential support/resistance line of $44.52 from the close of 6th March. Depending on risk tolerance, the stop loss for the trade would be: (i) below the potential support level of $42.14 from the open of 17th April, or (ii) below the rising 15 day EMA (currently $41.84).

UNITED HEALTH on its 2009 Support. Can it be saved or $175 is ne United Health (UNH) almost hit in August its 1M MA200 (orange trend-line), a Support level that is intact since March 2009 and the aftermath of the 2008 U.S. Housing Crisis. Since the Dotcom Crash, the stock has been trading within a multi-year Channel Up and the recent correction since the November 2024 All Time High (ATH), is technically its second Bearish Leg since the 2008 Housing Crisis. The latter eventually dipped below the 1M MA200 and bottomed a little after on the 1M MA200 (red trend-line). Based on the 1M RSI, which hit the 30.00 oversold level and rebounded, the market may be in levels similar to July - August 2008. As a result, there is a high chance of breaking again below the 1M MA200 and if that happens, expect a bottom on the 1M MA200 again at $175, which would also be a -75.80% correction from the ATH, similar to the 2008 Bear Cycle. Only a break above the 1M MA50 (blue trend-line) can restore the bullish trend, which has been intact non-stop from October 2010 to April 2025. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇