UNH reached 450 $ recently.From December 2021 never reached bellow this level. It tried 450 $ six times and bounced back to 550 $. From December 2021
UNH is is swing in a channel between 450 and 550 $.In weekly chart, it is on 200 days moving average, which seems a very strong support. From December 2021 it always trades above 200 days moving average. In march 2020 it touched the moving average, however, it bounced back and moved higher.
I believe
UNH could easily reach 500 $ in near future and 500 $ is not out of reach.I set my stop loss at 435 $.
Good luck to everybody.
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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.