Now what do you do with UNH ?

May 15

For me, it is a screaming buy. Hear me out.

This was in my watch list for a while but I never get a chance to go long as the price keeps climbing up or my funds were tied up with other shares/ETFs, etc.

A 50% fall from the peak but what is more important is the parabolic move down, almost 5 straight weeks of 90 degrees plunge down. The sell down seems pretty serious and by any metric you used, it is way oversold and begs for a reversal.

However, on the daily chart, it is still RED which means the selling is not done yet and we could probably see more sell down days ahead to 196-279 price level.

So, I will be watching it closely this time and be ready to nibble some when it falls further.

Healthcare stocks seem to be battered in this sector rotation round so get ready your ammunition , the reversal could come sooner than later........

May 16

Note

Nope , I totally have no idea how bad it could goes down to. It is now at 274.35, crashing below the support line of 308.....
Let the dust settle first, no hurry to go in.....

Aug 6

Note

3 months have passed, nothing much spectacular has changed in terms of pricing......I still think there is a bit more downside OR is a reversal pattern emerging soon. Too early to tell, continue monitoring.....

Aug 16

Note

recently, WB has bought into this stock and the market became euphoric and drives up the prices by more than 10%. Relax guys. For those who did not catch it at the bottom , you are FINE. On the day chart, there is a gap up which I believe in the coming days/weeks, the excitment should pare down and gap will be filled. If you cant sleep and think you are MISSING OUT just because WB has bought it and afraid the boat will sail away without you, then I suggest take a small position first. Don't forget there are still outstanding issues within the company that remains unsettled............