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UnitedHealth Group Incorporated
Long

Better Profit Taking Inside Consolidations

By norok
Wizard
My last trade in UNH highlights an example of where I look for targets especially within a mid consolidation. When looking at a past high as a potential take profit target often times price will miss the actual proper high. The more conservative and higher probability place to take targets (or look for reversal) is the 50% within the reaction off the last high: the short term price action where price fooled around to create the high. -UNH
50retracementBeyond Technical Analysisprofittakingspike-tradingStockstradingUNH
norok
Wizard
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