Posted by DigiNomad on 2nd of Apr 2024 at 01:26 pm
UNH -hunting for a long entry. Nice bear trappy area here. Most
stops probably already got blown out and it's sitting on the 200
week EMA which is very rare for this name. Nice fundamental
support, unlike many other names I could be hunting instead. I
probably need to know why it dropped so much (I don't...something
about reimbursements, I think) but I think it's a decent bounce
play while I figure out the longer term story.
Also, this wacky chart predicted the drop to almost exactly
this area and it was posted quite a while ago.
3 days rule is usually a good start for me when something gets
whacked like this ... then waiting for a bottoming candle to
form ... but i'm sure they'll be happy to provide proper
coverage if you get injured catching their falling knife
Posted by DigiNomad on 2nd of Apr 2024 at 01:31 pm
Totally
I'm entering with a 1/3 position planning to add into
additional weakness , but not until I at least get a trigger on the
3 min...which hasn't happened yet.
At the end of the day, UNH is still a Gov mandated, mostly
Gov funded money printer.
UNH -hunting for a long
Posted by DigiNomad on 2nd of Apr 2024 at 01:26 pm
UNH -hunting for a long entry. Nice bear trappy area here. Most stops probably already got blown out and it's sitting on the 200 week EMA which is very rare for this name. Nice fundamental support, unlike many other names I could be hunting instead. I probably need to know why it dropped so much (I don't...something about reimbursements, I think) but I think it's a decent bounce play while I figure out the longer term story.
Also, this wacky chart predicted the drop to almost exactly this area and it was posted quite a while ago.
3 days rule is usually
Posted by mla127 on 2nd of Apr 2024 at 01:29 pm
3 days rule is usually a good start for me when something gets whacked like this ... then waiting for a bottoming candle to form ... but i'm sure they'll be happy to provide proper coverage if you get injured catching their falling knife
Totally I'm entering with a
Posted by DigiNomad on 2nd of Apr 2024 at 01:31 pm
Totally
I'm entering with a 1/3 position planning to add into additional weakness , but not until I at least get a trigger on the 3 min...which hasn't happened yet.
At the end of the day, UNH is still a Gov mandated, mostly Gov funded money printer.
UNH - textbook trap so
Posted by DigiNomad on 2nd of Apr 2024 at 01:40 pm
UNH - textbook trap so far. See the volume that came in on that last low? Those bears hurting already...for the moment anyway. I'm long.
UNH - this doesn't suck...but
Posted by DigiNomad on 2nd of Apr 2024 at 02:53 pm
UNH - this doesn't suck...but of course I'm rethinking my 1/3 position now.
and that cycle indicator kicked
Posted by matt on 2nd of Apr 2024 at 01:41 pm
and that cycle indicator kicked in right at the low where price bounced off of
Yep, I didn't use it
Posted by DigiNomad on 2nd of Apr 2024 at 01:43 pm
Yep, I didn't use it this time because I was hunting an exact price volume pattern, but it's one of my favorite overall indicators.