UNITED HEALTH On the 1D MA50 but only buy under this condition.United Health is having an incredible price jump today with the price hitting the 1D MA50 for the first time in one month and the 1D timeframe attempting to get out of its neutrality (RSI = 52.965, MACD = -5.780, ADX = 33.018). This state shows that we don't have a confirmed buy signal yet, that will only come if the 1D candle closes over the 1D MA50. If not, a pull back to the bottom of the ten month Channel Down.
The 1D RSI is also inside a Channel Down, a breakout there would also be a buy signal. So if the candle closes above the 1D MA50 we will buy and aim at the top of the Channel Down (TP = 512.50) expecting the whole rally to complete a +15% rise. If rejected we will buy near the bottom of the Channel Down and target again its top near the 0.786 Fibonacci leve (TP = 508.00). That is where the previous LH was formed.
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