The Long Investor
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$UNH - WATCHLIST -
🕑 Added 2025-05-23 11:06:42 +0000 UTCThis could not be moving any better if I pulled the price action down myself with my hand.
Subwaves can be difficult to identify for some so keep an eye on the support levels instead and in between $288 - $279 is where we want to see a hold.
Price is just at the 50 MA on the 1hr chart, if the price can stay below this level then we can drift down to $279 but if there is a break and most importantly a retest and hold above this level at $300 right now, we can consider that Wave 2 is complete and we can add again
I urge you not to be obsessed with buying at the bottom of Wave 2.....more people lose money waiting for the bottom than gained....I would much prefer to see you wait until Wave 2 is complete and the move has already started reversing to the upside.
As I frequently say, give up a few percentage in order to get a lower risk entry.
I will be adding shortly too.
Comments
Sockerfri
Good advise, thanks!
Gareth Neary
The second part of the last paragraph answers this
Taylor D
Can you clarify the right behavior to take regarding your comment about not trying to time the bottom of Wave 2? Is the right approach to buy a bit early (i.e. while a stock is still moving down but is within the buy range) or is better to be a bit late (i.e. stock is now moving up after bouncing off a support level)? I believe the latter based on previous things you've said, it's just that this commentary reads like the former is better.
