UNITEDHEALTH GROUP | THE BEAR'S CLAIM: $UNH PAYS THE PRICE Dec17UNITEDHEALTH GROUP | THE BEAR'S CLAIM: NYSE:UNH PAYS THE PRICE Dec17
UnitedHealth Group, NYSE:UNH , UNH
NYSE:UNH Trends:
NYSE:UNH Weekly Trend: Bearish
NYSE:UNH Daily Trend: Bearish
NYSE:UNH 4H Trend: Bearish
NYSE:UNH 1H Trend: Bearish
NYSE:UNH Price Target Areas:
NYSE:UNH BUY/LONG ZONE (GREEN): $488.75 - $514.75
NYSE:UNH DO NOT TRADE/DNT ZONE (WHITE): $480.00 - $488.75
NYSE:UNH SELL/SHORT ZONE (RED): $455.00 - $480.00
All indicators are pointing to bearish for $UNH. Looking at the monthly timeframe we can see there is a range that was respected between the levels of 480 up to 555. After price finally broke the level of 555 a new range began. 560 up to 615/620 area. Given the recent news and events; the stock has since seen a deep bearish trend. Momentum has taken price all the way back down to the previous range low of 480. Price currently rests on 480. Bears should seek continuation and target levels of 455/460, or even down to 415. Bulls should look for a reversal marked by breaks over 488.75 on the lower timeframes, or the 549 area for a higher frame reversal.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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