UnitedHealth K-line analysis

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$Unitedhealth(UNH.US)

Recently, this stock has plummeted. Due to its monopoly and stable growth, many friends are bottom fishing. In the long run, there's no problem, but it's better to build positions in batches and buy at the most certain point.

From its K-line, it's not hard to see that it likes to follow a one-sided trend, so I think it's better to trade on the right side. However, those who got on the left side can still manage their positions well.

By observing its K-line chart, the positions I marked with red circles are the reversal points of these downtrends. The obvious characteristics are the appearance of doji stars and big bullish candles. The increase of these big bullish candles is around 3 points, and they can stabilize above the five-day line, followed by a rebound.

Recently, it has been following a one-sided downtrend along the five-day line. There might still be a wave of panic bottom-fishing funds cutting losses, and the rebound signal hasn't appeared yet. But I believe it's coming soon. After rain comes sunshine~

"This article is only for K-line learning purposes and does not constitute investment advice."

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