After strong earnings and a guidance upgrade, I've just been waiting for an entry point on UNH .
Today we are oversold on the hourly RSI and stochastic , and I'm seeing a little bullish divergence coming in on the hourly MACD histogram. We've got support at 254.44 from the 20-day moving average, though there's not a lot of volume located here on the volume profile . I've taken a small long position here, and I'll buy more if we get down closer to 250, where there's more volume and also support from the 50-day and 200-day moving averages.
Today we are oversold on the hourly RSI and stochastic , and I'm seeing a little bullish divergence coming in on the hourly MACD histogram. We've got support at 254.44 from the 20-day moving average, though there's not a lot of volume located here on the volume profile . I've taken a small long position here, and I'll buy more if we get down closer to 250, where there's more volume and also support from the 50-day and 200-day moving averages.
Note
UNH is near 200-hour moving average at 252.26, another strong entry level.Note
Here's the MACD cross that confirms UNH is likely to hold the third trendline.Note
UNH dropped right out of its channel this morning, but quickly rallied back into the channel after taking a bounce off high-volume support. Here's a possible revised channel:
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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.