TopOptionAlert
$UNH NOV20 420C · still actionable
Zone: $404.03 to $409.73
Invalidation: close under $395.37
Objectives: $430, then $455
The math: up 5.7% to the first objective and 11.8% to the second, against 2.8% risk on the invalidation, better than 4 to 1 to the second
Dear friend, picture a big ship that finally turned after taking on water for a long stretch, because that is what this swing setup looks like after a solid quarter and a close at 406.88 on a green day. What that move means for you is simple. Buyers defended the 399 area and pushed the price back above 400, so the name is holding higher ground with room toward the old highs if that hold lasts. I like watching it work from here as long as that support stays under it.
P.S. Watch the 408.50 high from today. A close above it would tell you buyers are still reaching.
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