The Turtles traded liquid futures, but the original turtle rules may be applied to the single stock case.
UNH is trying to recover from its January-February fall, but the recent two long signals from the turtle rules have been failed.
However, it hit the 55-day max last week and another long signal has been triggered.
As this signal is supposedly stronger than...
Bullflag violated, retest in progress. You can position yourself long and manage risk according to your profile. I am long 1/3 position at 236, stop under 232, see if market holds this time.
This stock has been one of the best winners in healthcare over the past few years, in terms of company health, profitability and correlation to stock price action.
All the same, just like with A , the current market uncertainty has left the stock here in a wedge pattern after its earnings report.
Even though the earnings beat estimates, it was not better than the...
Aside from UNH being a very solid stock and consistently having showed positive results, if it can break through the fib resistance at 230, it could be a very strong week especially after the big dip the market just saw. If it breaks upward, I'm looking to do about a month till expiration... 3-23 or 3-30
UNH posted better then expected earnings and raised expectations
breaking 230 level on high volume to an all time high
on the tecnical side there is a bullish rising three methods pattern which is an cotinuation to the upside
note previus pattern indicated on the chart - a nice bull flag
all signs show strong upside momentum
Note: these are monthly candles and the scale is logarithmic.
UNH has been trading pretty consistently within a parallel channel on the logarithmic scale chart since 2009. UNH is now at the upper bound of that channel. There were a few months in 2011 where the stock broke out and managed to stay above the top of the channel before it came back and has traded...
