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UNH trade ideas
UNH SHORTHey there!
Generally speaking, I'm testing my new trading system.
IMHO, it is a great experience to write down all your trades, as it is much easier to analyze them later.
Thus, I'm publishing my ideas here. It will be also great if some of my trades will help all of us to get some profits)
I'm also attaching my risk calculations.
Normally, my risk per trade is 3.5% per trade.
It is much easier for me to trade when I understand what is my risk per position.
P.S. Target area is changing depending on entries (as you could notice I use multiple entries). I'm going to update all the data inculding targets as long as the trade remains opened.
Cheerz!
UNH AB=CD completingUNH
AB=CD implies 168 may be a good place to take profit.
Long term view is still bullish at this moment.
Good entry is around 146.36 level.
We could consider to buy this if price pull back to that level.
Strong Sell Signal Triggered On UnitedHealth Group ($UNH) The stock chart has triggered a strong sell on shares of UnitedHealth Group Inc (NYSE:UNH). In recent weeks, following the Donald Trump election victory, UnitedHealth has soared on hopes of deregulation and perhaps even a repeal of Obamacare. Whether this happens or not, the UnitedHealth's stock price already reflects the best case scenarios for the company. Because the best case is already priced in, there is little upside left in the stock near term. In addition, should any outcome occur that is not ideal, the stock has major downside. Based on the stock chart, UnitedHealth Group is likely to fall from its current price of $159 to $140 in the coming weeks/months. Expect serious downside into the first quarter of 2017.
View every trade I take, VERIFIED, right here: verifiedinvesting.com
A complete 5-waves sequenceThe advance since Jan this year seems finished
price broke the uptrend channel
3 consecutive red candlestick bars are expanding
Divergence in RSI
MACD crossed the zero line
Will short if bounce is corrective
Breakout alert UNH Price has broken up through resistance at 135. Before entering a long position I would like to see this a candle close above 135 with strong volume. watching
DOW JONES OVERVIEW: UNH IN FIRM UPTRENDUnited Health is one the best-looking stock from our Dow Jones overview - on par with Nike.
On long term perspective it trades firmly above upper 1st standard deviation from 5 and 10 year means - which means that long term uptrends are well in progress.
On short term basis the long term picture is confirmed by the slope of 1-year mean. The only short term risk is the fact that price is trading below lower 1st standard deviation from quarterly mean (risking downtrend on quarterly basis).
Very interesting place to put a stop.The lower border of the trend coincides with the basis line of the of Bollinger bands and V Stop.
There is a beginning of a movement to the upper border of the trThere is a beginning of a movement to the upper border of the trend.
Possible Outcomes for $UNHMomo is definitely slowing at phi support, but should ultimately retest leg start in the target area. Listed are a few scenarios that we might expect. A bounce first is the more likely scenario. Pay attention to momo to tell us where the trade will go.
United Healthcare 3rd QuarterDespite the negative reaction to today's news, there is hope for a strong end to the year for UNH. Before today's reports, analysts at Thomas Reuters had a target price of $79.30. This is mainly due to the company's strong performance in two out of its three major businesses.
1. Its Medicare and Retirement business is up 13% year over year, reporting 11 billion in revenue for the quarter.
2. Their Toal Optum Benefits business was also very strong, reporting growth of 33% with $9.6B in revenue.
3. The sole weak spot was the Employer and Individual insurance business which dipped 2.9% year over year with revenue of $11.3B.
United Healthlong setup. Ascending triangle. Watch for breakout from resistance to trigger entry signal
