While I’m passing on this one at the time for the reasons mentioned when I highlighted it as a long trade idea in yesterday’s video, I wanted to pass along for those interested that UNH (UnitedHealth Group Inc.) is breaking out above that downtrend line/bullish falling wedge pattern that was highlighted towards the start of the video. Daily chart with updated price targets below.
UNH daily Aug 12th
Once again, I will be leaving town after today for a short vacation through the weekend with trade ideas & analysis to resume on Monday. I will also reply to the questions, comments, & chart requests under the recent posts asap today.