It's time for UnitedHealth correction

02 November 2022 132
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UnitedHealth shares updated the historical high of 557.76 on the last day of October. After a powerful wave of growth, a correction is required, which started with a drop of 1.3% yesterday.

The "shooting star" reversal pattern has been confirmed. The RSI indicator, which is turning down from the overbought zone, strengthens the signal of a decline. The nearest correction targets are the Fibonacci levels of 23.6% (541) and 38.2% (531).

This content is for informational purposes only and is not intended to be investing advice.

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