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Registered User
Joined: 10/7/2004
Posts: 50
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Does anyone have a logical feeling on UNH based on technical analysis? I'm short and I would like to know some other feedback. JP
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Registered User
Joined: 3/9/2005
Posts: 15
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Hi; Acording to my charts, MS, MACD,STOCH. Are trending down. Bop was nothing today, If nothing else "follow the money". And that is dropping. Maybe time to cut your loses. Goodluck...
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Registered User
Joined: 1/28/2005
Posts: 6,049
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It hit resistance almost exactly at its 200 day
simple moving average.
I would like to see it break through there with some conviction
before I would be interested in this again.
Thanks
diceman
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Registered User
Joined: 10/7/2004
Posts: 264
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Not sure what level you're short from, but my take is that you have some supply/support at 48 based on 1/2 hr. I'd be looking to take some profit there and/or tighten up my stop. If you can get thru that level, your next supply/support is 46 on the daily. Let's see what happens. Good luck.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Golfman25 is right the important issue is are you into profit at this time. The small rise on the 27th &28th were just profit takers and deal hunters, all the indicators are still very negative. Buy to cover if it reaches 51, but it looks to me that you will have one more leg down to the resistance at 46 at least.
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Registered User
Joined: 3/25/2005
Posts: 864
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I think I would differ with the previous comments.
I've just complete a computer program which shows me
risk-to-reward ratios and current support and resistance
points. And at this point, I can't guarantee the reliability of the findings but the program is indicating
that the stock is now in an uptrend. Here are the findings as of 9/28/06 (Thurs):
Entering the trade at 49.30 (Friday's Open)
If you were to short it your downtrend reward-to-risk is 2.65.
If you were to buy it your uptrend reward-to-risk is 8.29.
(Anything greater than 3.00 is desirable)
3rd Level Resistance (R3): 50.16
2nd Level Resistance (R2): 49.83
1st Level Resistance (R1): 49.65
1st Level Support (S1): 49.14
2nd Level Support (S2): 48.81
3rd Level Support (S3): 48.63
9/28/06 Swing High: 52.84 (Swing High above R3)
9/28/06 Swing Low: 47.91 (Swing Low below S3)
9/29/06 Current Swing Low : 51.50 (Swing High now above R3)
If Buying The Stock Today:
Suggested Exit At or Near Swing High of 52.84
Half Price Target Projection At: 55.89
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