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
The UnitedHealth Group (UNH) hit the Resistance Zone following our last (November 18) signal but as it failed to break through its top, it got rejected:
By doing so, the price even broke below the Higher Lows trend-line and the Bullish Megaphone pattern, that were in effect since February 2021. This potentially signals a deceleration on its enormous and...
My Bearish bias is a result of an attempt to again reach highs but a failure and 2-2 continuation to the downside to unfold. Entry in white and possible targets in green.
Over paying for stocks doesn’t make any sense fair value in this healthcare stock is about 430 unless it has good earnings in the coming months most likely will see this stock come down
Welcome to the BasicTrading channel.
My name is Philip and in todays analysis I quickly go over the situation which we currently have on UnitedHealth Group.
I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities.
If you enjoyed this analysis, let me know in the comment section which asset I should...
The UnitedHealth Group (UNH) has been on a strong 3 day rise since the November 15 Low which was a Higher Low within a hyper long-term Bullish Megaphone pattern, with the trend-line holding since February 22 2021. On top of that it rebounded within the 1W MA50 (red trend-line) - 1D MA200 (orange trend-line) zone, which has more or less priced all prior major...
This week, we poll investors on the Fed, asset returns
into YE, and Latam, in addition to our running survey
questions on equity positioning/sentiment, and intentions
for near-term changes to equity allocation and bond
duration. The results from the last survey are shown
below
It cant be more clear, there is a behavior pattern just follow it until you see a break in the pattern.
Why set a stop loss if you ain't losing? Because you don't want to lose all your tendies in one play
Don't get greedy going for the hoax, take your profit at redline and be happy
Stonks Trend is going upwards so if for some reason you fell for the Hoax hold that...
United Health Group
Short Term - We look to Buy a break of 506.00 (stop at 485.43)
The primary trend remains bullish. A sequence of daily higher highs and lows has been posted. We can see no technical reason for a change of trend. Trend line support is located at 500.00. Further upside is expected.
Our profit targets will be 558.58 and 580.00...
Despite this year's bloodbath of stock prices, UnitedHealth Group (UNH) has shown considerable strength and has continued to the upside. I did want to take a macro look using the monthly chart and noticed a double-top forming. The company does have strong fundamentals with earnings goals being reached every quarter. However, the stock price is showing strain...
UNH has been one of the most bullish stocks through this entire bear market. As such the structure suggests higher prices to come.
Great risk-reward setup. NYSE:UNH
When I bought puts on Monday, I was trading mobile and admittedly my chart reading was incomplete. After I bought weekly puts price started higher Tuesday and spent the day selling off. Note 532 was exactly the high and it was a beautiful day trade even with low volume options.
Yellow lines show the megaphone still intact.
RSI never crossed 65 during the price...
