Price action (Update 18 May 2024)
- Price action has firmed up as analyzed (white arrow drawn previously)
- Coming up to some "traffic resistance" between 528 and 540
- Again, if it can stay above 513 next few weeks, there is a good chance it can break through the resistance
- Previous all time high stands at 558; Breaking 540 would set it up for that target to be easily reached
- The breakout on 18 Apr out of the downtrend is a good note
- Failure to hold 513 would mean 489 is back in play
- For now, leaning bullish rather than bearish
My plays
- Have been nibbling in between 450 and 470
- Will continue to do so if 513 holds and will nibble in towards new all time high of >558
Good luck, all!
UNH Daily - 18 May 2024
@melson @TigerStars @macroB @CaptainTiger @Deposit
$UnitedHealth(UNH)$
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