For all the hatred UNH gets, this company is looking like a buy after this huge sell off. We are approaching the golden ratio around $380. The company generates $100bn in revenue per quarter, hence why it’s a highly regarded cash printing machine.
The bearishness may continue as we sit below the 200week MA. I have a worst case scenario of $300 where we have a strong weekly level of support. I think we’ll bottom closer to the mid $300s so I’ll be taking a nibble with a longer term view on this stock.
Not financial advice
The bearishness may continue as we sit below the 200week MA. I have a worst case scenario of $300 where we have a strong weekly level of support. I think we’ll bottom closer to the mid $300s so I’ll be taking a nibble with a longer term view on this stock.
Not financial advice
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.