The Long Investor

$UNH

Added 2025-05-20 10:46:02 +0000 UTC

Price is up around +3% in the PM with a run up to the 0.5 Fib at $323 and the 50 MA on the 1hr chart at $324....a very obvious target for this first wave, making this a +29% jump since the perfect test on the 0.618 Fib at $250.

This first wave does not need to stop at $323, it can go higher and there is no rejection yet and you need to remember that this is a hot topic right now and many will not want to miss this Mega Cap on sale, so for this reason I am not playing the waves, meaning I won't be selling at $323 to buy lower.....I will just be buying lower when Wave 2 completes.

I have added the green fib levels, where we want to see a 3 wave pull back hold at, so in between the 0.5 - 0.618 Fib range between $279 - $288 is the area we will be watching for a pull back and hold.....very similar to what we planned for with $NVO and we added on that pull back for Wave 2 too.

Holding in this range is important, no hold and $250 can be tested again....a new impulse wave is never confirmed until a higher low is confirmed (Wave 2)

This is always the risk and this is why we wait to add Buy 3, 4 and 5 until Wave 2 is confirmed.