Simple idea for a short scenario but only if a reversal pattern or signs of weakness occur at the top green rectangle zone. Discretionary approach for each trader to decide according to their needs or preferences, perhaps in tune with other opinions found elsewhere.
Just wanted to leave this here for anyone interested in this stock, as I have also developed some...
Healthcare companies stand out in this week's filter of opportunities. Alignment and compression of Fibo Clouds was once again the filter that allowed us to see this opportunity.
Risk Return 3
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Please DYODD
This is where I am planning to go LONG for this stock. Probably towards Q2-Q3 , hopefully earlier, I expect to see some form of sector rotation with tech stocks retreating and the healthcare stocks coming back into the limelight. This would be a good time to accumulate.
Key arguments in support of the idea.
▪ UNH stock has come under pressure from a series of adverse events,
though Q1 earnings may improve investor sentiment regarding further
UNH business growth potential.
▪ A good moment for buying, both fundamentally and technically.
Investment Thesis
UnitedHealth Group (UNH) engages in the provision of health...
UnitedHealth (UNH) Share Price Surges after Strong Report
UnitedHealth shares surged Tuesday, rising more than 5% after the health care giant delivered stronger-than-expected first-quarter 2024 results:
→ earnings per share: actual = USD 6.91, expected = USD 6.61, last quarter = USD 6.16;
→ gross income: actual = USD 94.4 billion, expected = USD 92.1...
UnitedHealth Group ( NYSE:UNH ), the titan of the health insurance industry, emerged triumphant in the face of daunting challenges as it delivered a stellar performance in its first-quarter earnings update. Despite grappling with a surge in medical payouts and the financial fallout from a crippling cyberattack, UnitedHealth's resilience shone through, propelling...
Here you can see the slightest difference between orange controlled buying and magenta controlled selling - but the fact that magenta has proven control over the past 2 bounces indicates that magenta is in control and this is in fact a larger liquidity build for the bulls.
Helpful to know this for all future analysis!
Happy Trading :)
- TraderDaddyOG
If you haven`t bought UNH before the previous earnings:
Then analyzing the options chain and the chart patterns of UNH UnitedHealth Group Incorporated prior to the earnings report this week,
I would consider purchasing the 440usd strike price at the money Puts with
an expiration date of 2024-4-19,
for a premium of approximately $10.65.
If these options prove to...
UnitedHealth Group Incorporated (UNH) exhibits technical deterioration as observed in the recent trading sessions. The stock closed at $441.72, experiencing a 1.85% decline. The bearish sentiment is reinforced post-market, with the stock slipping further to $443.00.
The technical layout suggests a continuation of the downward trajectory. The price action has...
UNH is correcting the cycle from Mar 2020 and is near a significant bottom. Most likely it will bounce followed by a marginal low. Great generational long opportunity, with stop set at 409.
NYSE:UNH reached 450 $ recently.
From December 2021 never reached bellow this level. It tried 450 $ six times and bounced back to 550 $. From December 2021 NYSE:UNH is is swing in a channel between 450 and 550 $.
In weekly chart, it is on 200 days moving average, which seems a very strong support. From December 2021 it always trades above 200 days moving...
UnitedHealth shares have now dipped into the green Target Zone between $447.18 and $470.19. This is the price range in which we expect the low of the green wave (B) and thus a reversal. We therefore now expect a rise to above $495.87. At 40%, however, we think it is likely that the price will slip below the zone again and the low of the green wave alt.(B) will end...
The healthcare sector witnessed a significant upheaval as UnitedHealth ( NYSE:UNH ) and other major players tumbled following the Biden Administration's announcement regarding Medicare Advantage rates for 2025. The unexpected decision sent shockwaves through the industry, prompting a flurry of market activity and sparking concerns among investors.
Impact on...
United Health Care makes up 8.52% of XLV the health care ETF. If you go look at the ETF it's making new highs, while its second largest weighting is still trading in range. My question is how long does UNH continue trading in this sideways range its been in?
Last time we looked into United Health (UNH) we gave a strong buy signal (October 03 2023, see chart below), which turned out to be very successful:
After getting rejected on Resistance 3, the stock started to decline structurally within a Channel Down. It is a pattern similar to the Channel Down of November 2022 - March 2023, which was again formed after UNH...
We can observe a weekly Wyckoff in place for UnitedHealth.
I have Two possible scenario
1) The price took the weekly liquidity (External Liquidity) and can now go Up until reaching "BC" at least
2) The price will go down and take frist the "STB" to make a "SPRING" and then will go UP until the "BC"
On my side I prefer to keep observing as the price can be slide...
This is a trading idea with a medium-term horizon spanning a few weeks. We're observing United Health Group's stock stabilizing at a significant level on the daily chart. Concurrently, there's an emerging hidden bullish divergence in the OBV, albeit unconfirmed. Given UNH's price reaction at the support zone, we're considering a long trade. Our target is the low...
