notedUNH - Forming well; Resistance zone coming up
@Asphen: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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