The recent +55% drop in UNH represents a major breakdown from its long-term price structure. Historically, recoveries in this stock have been slow and gradual rather than sharp rebounds. There is a critical support zone between $190 and $155. While the damage to the stock is significant, this support zone provides a logical area where a patient, steady recovery could develop over time.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.