United Healthcare - Buy Signal or Bear Flag?

9 set 2019

Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.

United Healthcare has been on my radar for a shile but only since last week have I paid more attention to the support we recently had and the pivot we've seen here. I don't speak much to fundamentals, nor do I really care about news events but what I can say is the pivot we recently had is not accidental. It's a technical pivot that we've seen. Indicative of the completion of a 1-2 and then we potentially head up for a much larger 3. I am tempted to go long on UNH from here and stop at the bottom of our pivot. I see we've already closed all gaps and from a moving average standpoint, we're trading below most moving averages. This could be seen as a very bearish setup but as long as this pivot holds ($220), then we should be fine to see a move back to $280 - $300.

Trade carefully friends. If we break $220, then we're almost definitely going back to $200 and likely much lower. I just don't see that right now. I see more upside to $240 minimum. Target, though, is $281.40

<3 -CE-

10 set 2019

Nota

Trade active. :)