These sequences of candles show reversals in trend. As UNH has gone up recently, in the past few weeks, a reversal means downside is to come. We will at least test this horizontal support area that is highlighted in white below.
Perfect candlestick pattern on weekly chart, as a swing trader i would enter this trade but for me share is undervalued and maybe i would wait for a decline to look for long position entry for long term investment.It's not advice for trading just idea .
If you haven`t sold the Double Top:
Then looking at the UNH UnitedHealth Group Incorporated options chain ahead of earnings , i would buy the HKEX:520 strike price Calls with
2023-4-21 expiration date for about
$6.20 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion...
On Friday 14th April 2023 UnitedHealth Group reported full year and fourth quarter 2022 results reflecting broad-based growth at Optum and UnitedHealthcare.
Revenues of $324.2 Billion Grew 13% Year-Over-Year, with Double-Digit Growth at both Optum and UnitedHealthcare
Cash Flows from Operations were $26.2 Billion or 1.3x Net Income
Full Year and Fourth Quarter...
Shares in UnitedHealth Group Incorporated (symbol ‘UNH’) have been trading in a bearish movement throughout the first quarter of 2023. The company is expected to report its earnings for the fiscal quarter ending March 2023 on Friday 14th of April. The consensus EPS is $6,25 compared to the result for the same quarter last year of $5,49.
‘The last recording we...
… or what was that saying again? Anyway, after a short hiatus, the bears in our United Health-chart should regain their health and get back to work. They should soon push the share below the support at $456.73 and from there into the dark green zone between $427.67 and $391.43, where wave A in dark green should end. This low should then be followed by a...
SPY - expected spy to push slightly higher on friday but we made an inside day instead putting SPY into a 2-1 setup. I am somewhat bullish still on SPY for Monday, but I could see Monday going either way.
Watchlist and bias:
Daily Chart Setups:
SPY - 2-1: Slightly bullish
AMZN - 2-1: Slightly bullish
DIS - 2-1: Neutral
LULU - 2-1: Neutral
MCD - 2-1: Bullish
UNH...
UNH earnings are on Friday the 13th, but don't be scared. UNH December 2022 Q4 earnings are on Friday 1/13 at 5:55am. Unitedhealth Group (UNH) reported Q3 September 2022 earnings of $5.79 per share on revenue of $80.9 billion. The consensus earnings estimate was $5.45 per share on revenue of $80.5 billion. Revenue grew 11.8% on a year-over-year basis. The company...
Yesterday UNH 4hr chart hit oversold on piRSI & FibVIP and tapped major support on Triangular Trend Channel. Probability wise UnitedHealth Group is a long entry from here. Here's levels on the UNH 4hr chart:
SMA20 MTTC2.0 4hr chart:
top = $571
R3 = $562
R2 = $553
R1 = $543
pivot = $534
S1 = $525
S2 = $515
S3 = $506
bottom = $497
SMA's 4hr chart:
SMA50 =...
Not the cheapest, but technically worth some nibbles.
Pretty solid pivot lines landing at Fib 0.5.
Short term bearish, but still a very good dividend stock to hold for long term.
Shown here on a daily line chart, it is easy to see that price will begin a new ascent to 550-600 if the yellow downtrend line is broken. Clear bullish divergence is seen between RSI and price (green segments). Moving averages are 200 purple, 50 light blue, 20 blue. Analysts still have 580+ price targets for this stock and, while they could be wrong, healthcare...
Bears coming out of hibernation on UNH, doji candles meaning indecisive buyers/sellers followed by bearish engulfing candle resulting in a reversal of trend.
HUMANA chart below.
When UNH fell, it fell hard and the talking heads were telling us to buy Healthcare. All the while they pushed this sector to the limit to leave some folks stuck.
Price is deeply oversold and it would appear folks are in panic mode at this point.
Looks like a bounce is coming soon as even sellers get worn out.
Be careful on buying this dip...
The PEAD projected a Neutral outlook for $UNH after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
Price is inside the structure and remains above the .236 of the trend up since the covid low.
EARNINGS 1-13-23 BMO.
Neutral until broken.
No recommendation
