If UNH close below the marked RSI uniformity level at the end of the month I would expect a continued down move for health care stocks.
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If we break 208 and hold on the weekly consider an entry with target being the 61.8 retrace and a wide stop around 230.
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Add size on the break and hold below 200.
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Watch sector indexes and leaders regularly to evaluate position bias
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If we break 208 and hold on the weekly consider an entry with target being the 61.8 retrace and a wide stop around 230.
--
Add size on the break and hold below 200.
--
Watch sector indexes and leaders regularly to evaluate position bias
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-If you find this idea interesting please leave a like
-Follow for more
-Comments are always welcomed and appreciated
-Follow for more
-Comments are always welcomed and appreciated
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.