A stop order can be placed very close. This means low risk.
The MA 200 line provides good support. The correction is completed. But most importantly, extreme oversold. It indicates the position of the B bands.
clean price action pointing to further upside potential Broke out of the box and closed with decent separation, after having a false break down (false moves often result in larger moves in the opposite direction) Using the boxing system to get the target $82.37
Momo is definitely slowing at phi support, but should ultimately retest leg start in the target area. Listed are a few scenarios that we might expect. A bounce first is the more likely scenario. Pay attention to momo to tell us where the trade will go.
Despite the negative reaction to today's news, there is hope for a strong end to the year for UNH. Before today's reports, analysts at Thomas Reuters had a target price of $79.30. This is mainly due to the company's strong performance in two out of its three major businesses. 1. Its Medicare and Retirement business is up 13% year over year, reporting 11 billion...
UNH Great earnings, gaps above resistance CMF spiked
long setup. Ascending triangle. Watch for breakout from resistance to trigger entry signal
price retraced to fib level with inside bar formation with exceed. Target at near-by resistance, exit slightly below the fibonacci level
Explains itself. RSI is at the highest it has ever been at. Look at the shadow on that shooting star!
Increased volume at RSI support leads me to believe this wedge will break higher very soon. 15+% upside potential