UnitedHealth Group UNH - Double Top? Short Idea

2022년 10월 24일

Despite this year's bloodbath of stock prices, UnitedHealth Group (UNH) has shown considerable strength and has continued to the upside. I did want to take a macro look using the monthly chart and noticed a double-top forming. The company does have strong fundamentals with earnings goals being reached every quarter. However, the stock price is showing strain to the upside with this double-top and appears to me that buyers may be losing the battle short-term. Furthermore, we can see the MACD is coming to an end as well and may enter bearish territory in the very near future. It very well could be a chance to short this stock which is showing some upside stress signals in the near future.

Curious to hear others' thoughts?

Thanks for stopping by!

KC

2022년 10월 28일

노트

Looks like a triple top as of today with prices pulling back slightly.

KC