UNH - Forming well; Resistance zone coming up
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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Deposit·05-18notedLikeReport