UNH : Are Bad Days Over ? (Cautious)

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UNH shares have moved above the 50-period moving average but are trading below the 200-period moving average.

For now, since the 200-period moving average is very high, a small trade can be tried by keeping the stop-loss level a little tight.

A few weak movements may pull the average down and the price may break the average.
Therefore, small position sizes are ideal.

NOTE : If we can maintain persistence on 376(Which will take a few days),
then we will look at the other gaps.

  • Risk/Reward Ratio : 2.39

  • Stop-Loss : 274.99

  • Take- Profit Level : 376.38


Regards.

Penafian

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