$UNH has had two negative catalysts this week, one being an internal investigation and the other is a cyber attack on its payment system:
'Healthcare providers nationwide are grappling with financial challenges as a week-long ransomware outage at a UnitedHealth Group Inc’s'
Both catalysts have hurt $UNH this week and we saw something similar happen to $MGM when they got a cyber attack and the share price declined but it aligned perfectly with a Subwave 2 pull back and it presented a great opportunity to buy.
$UNH looks to be testing its 0.78 Fib next at $469 and a hold here and Subwave 2 has presented a buying opportunity.
It is worth noting that $UNH did not make a higher high in November, so like $AMZN, I believe it will keep moving higher to complete Wave 5 before its ABC correction.
Gareth Neary
2024-03-01 18:17:33 +0000 UTCHalcyon
2024-03-01 18:15:33 +0000 UTCGareth Neary
2024-03-01 18:01:26 +0000 UTCClint M
2024-03-01 17:49:51 +0000 UTC