Hi friends
the daily chart of this market shows with a high probability that it will experience a bearish trend but it is necessary to wait for the break of the support at the level of 289.86 for entry sellers with the vigilance of the change in the opposite direction
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UnitedHealth rebounded from the coronavirus crash more quickly than most stocks. It was back above its 200-day simple moving average (SMA) in early April, 1-1/2 months before the broader S&P 500 .
Then it stopped and waited, consolidating in a range and doing some important work technically.
First, it established support above $270. This was a key pivot from...
It tries to break the buy point of $304. After break out, it will try to get in the channel which will bring it to the target that is upper channel
12 months Consensus Price Target: $322.10
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NYSE:UNH
Daily and hourly squeeze and needless to say, the market keeps on rallying.
Thinking this might be the start of a 5th wave up.
In with 307/312 spreads 3 weeks out.
After a nice success with out last stock ( qgx ), it looks like UMH is about to break the bull flag pattern. I put that stock on my watch list for next week. stay tuned
