Dec. 6 at 1:20 AM
Actionable Trade Alert for
$UNH:
Market Context:
$UNH closed at
$333.49, sitting above its 30-day moving average (MA30) of
$332.65, indicating potential bullish momentum. The Relative Strength Index (RSI) at 50.64 suggests neutral conditions, allowing for upward movement. The 60-day high of
$381.00 presents a significant resistance level, while the low of
$304.53 indicates a strong support base.
Directional Bias: Given the current price is above MA30 and nearing the midpoint of the 60-day range, we maintain a bullish outlook, especially if it breaks above the MA50 at
$342.41.
Trade Plan:
- Suggested Entry:
$335.00 (slightly above the last close).
- Stop Loss:
$326.00 (below the MA30).
- Take Profit Targets:
1.
$350.00 (4.5% ROI)
2.
$360.00 (7.9% ROI)
3.
$390.00 (16.9% ROI)
This setup provides a solid risk-reward profile with a potential ROI exceeding 17% on the third target.
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