Short UNH with my patternThis week, we poll investors on the Fed, asset returns
into YE, and Latam, in addition to our running survey
questions on equity positioning/sentiment, and intentions
for near-term changes to equity allocation and bond
duration. The results from the last survey are shown
below
UNHD trade ideas
UNH goes BRRRR 🚀 (upward trend)It cant be more clear, there is a behavior pattern just follow it until you see a break in the pattern.
Why set a stop loss if you ain't losing? Because you don't want to lose all your tendies in one play
Don't get greedy going for the hoax, take your profit at redline and be happy
Stonks Trend is going upwards so if for some reason you fell for the Hoax hold that sh*t until the next wave
UNH: Can trend line hold bears?United Health Group
Short Term - We look to Buy a break of 506.00 (stop at 485.43)
The primary trend remains bullish. A sequence of daily higher highs and lows has been posted. We can see no technical reason for a change of trend. Trend line support is located at 500.00. Further upside is expected.
Our profit targets will be 558.58 and 580.00
Resistance: 560.00 / 580.00 / 600.00
Support: 500.00 / 450.00 / 400.0
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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
$UNH - a nice chart studyWhen I bought puts on Monday, I was trading mobile and admittedly my chart reading was incomplete. After I bought weekly puts price started higher Tuesday and spent the day selling off. Note 532 was exactly the high and it was a beautiful day trade even with low volume options.
Yellow lines show the megaphone still intact.
RSI never crossed 65 during the price rise since June, and now it it staying over 37. I lean bearish because:
1. price is near all-time highs and may see profit taking when healthcare sector is no longer top choice
2. RSI dipped below 33.33 in June, now it may go back below 50 if price moves down lower
3. Stochastic %K gave a sell sign in 3 candles in October - zoom out and see when this rolls over price will head to 470
Another trade idea for $UNH - swing putYou can zoom out on daily and look at weekly chart to see price is still near highs. My earlier chart on $XLV and $HUM suggested that this stock will drop when profits are taken from the healthcare sector, when there is a shift in market cycle. Indicators do not confirm a move back to 505 or lower in the short term, but I like the reward to risk in this trade design if RSI moves below 50 again and price drops back down. The red oval marks my stochastic %K sell sign, however price may move higher before lower.
Volume is low on this stock and very low on options, with wide bid/ask spread, so only buy at your limit and use less capital.
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: Profit taking on the wayUNH has been an outstanding play for the number of years without any real signs of weakness. Despite being a darling of many portfolios, market-wide conditions will create conditions that will lead to profit-taking or portfolio reallocations when buying opportunities arise. The impact may be minimal but should lead UNH lower.
$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.