$UNH is presenting an opportunity here that I am struggling to ignore, as the price is coming close to its blue support line which it has consolidated above for the last 20 months.
The price is at at the last Fib support level now on the 0.887 Fib and in a channel now too.
A test and hold of the blue support line at $446 and I will consider a position.
This long consolidation is typical of a Wave 4 too and I believe this sector could weather an economic storm too.
Medicare rates disappointed today so the sector is pulling back.
Jedi
2024-04-02 23:34:59 +0000 UTCGareth Neary
2024-04-02 16:38:59 +0000 UTCClint M
2024-04-02 16:37:56 +0000 UTC