$UNH Chart Update:
RSI pretty damn near term oversold currently.
Also we could see gap fill and reverse type of play now?
Look at last month where it bumped up to fill that $378.75 gap and then immediately reversed course to the downside.
Are we going to get something similar where now we filled the lower gap at $320 and we reverse course to the upside now?
I think so.
First agenda, use the orange support line and bounce off it to retest and reclaim the 50dma. Not egregious at all, only about 8% or so move.
The real test after is testing the 200dma and reclaiming that one.
If so, HUGE upside potential just from a technical standpoint. Anytime a name can trade back above the 200dma with conviction, can lead to some auto buying. IMHO.
HODL, DCA, DH (diamond hands).
Gluck.
Nice close near HOD.
Need some follow through now…
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