The Long Investor
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$UNH
🕑 Added 2025-03-10 11:31:27 +0000 UTC$UNH has struggled since the assassination of its CEO, coupled with the introduction of RFK JR into the Trump admin.
And the chart is giving mixed signals too
Bullish reasons:
Price is below its 200 WMA now, under $500 and for a strong Mega Cap, this is attractive
Wave 4 is still valid and holding
Back into the blue range consolidation range that has been in place since 2021
Healthcare typically does fine during a market correction
Bearish reasons:
Uncertainty about their new CEO and RFK Jr's influence on the sector
Medcaid changes possible
If the blue support line is lost at $446, there could be a breakdown in structure.
I think overall, accumulating $UNH under its 200 WMA is likely a good risk v reward long term hold.
My Wave 5 view has not changed here either.
Comments
Tom E.
$UNH CEO Andrew Witty still there. The Healthcare business unit CEO Brian Thompson was the one murdered. DOJ investigations into billing practices also a concern but I think that’s mostly noise. Bullish on UNH long term.
