UNITED HEALTH Stronger than ever one last Resistance to go!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 Higher Lows.
The next barrier standing is the 553.00 - 559.00 Resistance Zone that is holding since the April 14 2022 High and has had another two rejections, forming an Ascending Triangle. Needless to say, a break above it would be a major bullish break-out signal. As to the target? That would be initially the 1.382 Fibonacci extension, around $590.00, which is the symmetrical of the Fibonacci retracement levels that have formed the last two Higher Lows. As seen on the chart, the November 15 2022 Low was made on the 0.5 Fib while the October 13 2022 on the 0.382 Fib. We can argue that if there is one more rejection on the Resistance Zone, then the 0.618 Fib is a candidate for the next Higher Low.
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UNH
UnitedHealth Group UNH - Double Top? Short IdeaDespite 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 to the upside with this double-top and appears to me that buyers may be losing the battle short-term. Furthermore, we can see the MACD is coming to an end as well and may enter bearish territory in the very near future. It very well could be a chance to short this stock which is showing some upside stress signals in the near future.
Curious to hear others' thoughts?
Thanks for stopping by!
KC
Another Short on UNH. UNHI have lost count of the number of successful shorts I've had on this say over the last six months.
Momentum flipped, PSAR close to. Elliott is always the main drive to all of our decision making, however.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
$UNH HERE WE GO 🚀🔸️Ticker Symbol: $UNH 🔸️Timeframe: 4H 🔸️4X Bull Pattern 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: $UNH is currently breaking a strong resistance level in the market at $548.58. I do believe if we can continue in this 4X bull pattern we could potentially see $560 next week on $UNH. Let me know what your investment strategy is.
4X 🟢 Bull Pattern Confirmation Requirements
✅️ Linear Regression Indicator Increasing
✅️ Money Momentum Shifting Higher
✅️ Green Dot: Key EMA Crossover to Upside
✅️ Green Middle Band: Bull Market Momentum
4X 🔴 Bear Pattern Confirmation Requirements
🔻 Linear Regression Indicator Declining
🔻 Money Momentum Shifting Lower
🔻 Red Dot: Key EMA Crossover To Downside
🔻 Red Middle Band: Bear Market Momentum
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. Trendsi Trades LLC is not a financial advisor and may not be held liable for any losses which may occur.
$UNH ON THE VERGE OF A BREAKOUT? 🔸️Ticker Symbol: $UNH 🔸️Timeframe: 4H 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: $UNH is currently trading at a very crucial level in the market sitting at $548.58. Historically looking left this area has acted as a strong level of resistance. However, if $UNH can push higher and break though this area of resistance, I do believe we could see the price of $UNH continue to approx. $560. We also have our money movement indicator pushing higher along with the middle band on the dashboard showing green bullish momentum so if something is going to happen it should be soon. Let me know what you think in the comments.
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. Trendsi Trades LLC is not a financial advisor and may not be held liable for any losses which may occur.
Bullish Swing Trade on UNHWith sell in May and go away in play. I thought I'd take a swing trade on UNH it is in a defensive sector(healthcare), which is a rotation method for the summer months. So I'll place a limit order @ 489.00 and a SL @ 454.00 and a TP @ 555.00. The order block and the market cycle (May 13 - Jun 6 2022) are confirmations.
$UNH $ANTM $SPY $QQQ I OptionsSwing WatchlistUNH 4H I UNH is forming a bull flag pattern and might be breaking out above $490. There has been unusual options activity betting on a breakout to $500 by June.
ANTM 4H I ANTM is forming a bull flag on the daily and the 4 hour time frame. Looks great on a break above $500. Healthcare overall outperformed the market last week.
SPY 1W I QQQ broke down lower as expected, we want to see QQQ reclaim the level above $305, or more downside could come. Next support level is near $268.
QQQ 1W I SPY continues the sell off and went into bear territory on Friday before a quick recovery. $380 seems the level to hold, below we could see $350.
4/24/22 UNHUnitedHealth Group Inc. ( NYSE:UNH )
Sector: Health Services (Managed Health Care)
Market Capitalization: $490.152B
Current Price: $520.94
Breakout price: $536.25
Buy Zone (Top/Bottom Range): $529.50-$507.55
Price Target: $548.50-$553.30 (1st), $611.50-$618.00 (2nd)
Estimated Duration to Target: 29-31d (1st), 97-100d (2nd)
Contract of Interest: $UNH 5/20/22 520c, $UNH 9/16/22
Trade price as of publish date: $18.57/contract, $25.25/contract
United Health in Respite. UNHGoals 514, 522. Invalidation at 470 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
UnitedHealth Group is arrhythmic. UNHImmediate targets 461, 448, 432. Invalidation 544.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Another Money Shifts is about to happen in the market..!I would like to start this forecast with this Peter Lynch quote:
“In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.”
It means, the best traders are never right all the time, they make losses too. Focus on getting more trades right than wrong and you’ll be considered successful.
Having said that, If you want to increase your chance of success you need to evaluate the market situation, individual sectors and industires; and then find the best stocks with the highest chance of appreciation to go long and highest chance of depreciation to go short!
I monitored Waren Buffet's porfolio and Berkshire performance for a year and compared it with Nasdaq 100 and find out a possible top in BRK.A could be an early sign of the end of Nasdaq 100 correction..!
BRK.A vs NDX:
(Some times there is value in a comparing Apple and Oranges)
In my Dec 16, 2021 analysis (Editor's Pick) I mentioned:
Based on the pattern in the charts and the past 2 days of high volatility in the market, the most probable scenario could be a complex correction and a shift from tech stocks to Banks, Energy, and Telecommunications.
Please review the performance of these sectors in the past 3-4 weeks!
Now let's review the current situation:
Based on my current observation Value stocks started forming top patterns:
Example:
NASDAQ:COST
NYSE:UNH
NYSE:HD
NYSE:KO
NYSE:MCD
Berkshire owns all the aboe mentioned stocks except UNH!
Conclusion:
I think there is a good chance we see shift from value stocks to Tech stocks once again in the next one or two weeks which could push them up around 5%!
Best,
Moshkelgosha
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UnitedHealth is about to loose more health. UNHZigzag in progress post upward impulse. Fibs show where we might land, as B wave appears to be incomplete. Anyway, bearish.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
UNH - STOCKS - 18. OCT. 2021Welcome to our Weekly V2-Trade Setup ( UNH ) !
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4 HOUR
UnitedHealth Group about to push higher.
DAILY
Great technical setup..
WEEKLY
Looking for more upside price action!
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STOCK SETUP
BUY UNH
ENTRY LEVEL @ 426.17
SL @ 397.84
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN