2/20/2017: stock update United Healthcare (UNH) and (GS)

First the stock of United healthcare is discussed here. The stock price got punished last Friday (2/17/2017) due to DOJ accusation of medicare overcharge. Following are some observations of current price setup due to last Friday price  drop:

• price still in the box [156, 164]
• price hold up box low on last Friday
• the open gap at 163.6

http://schrts.co/E0g95k

The personal opinion here is buy the bad news. As long as the bad news is not associated with the business development, the stock price will recover eventually. The recommendation is following:

• buy the low bound of the box around $156 for half position
• add next half long in case price down to gap fill at 152.25
• the midterm upside target is still measured move $172.

Second, the stock of Goldman Sachs is discussed. GS is the leader in financial sector. its price action is always in the center of attention for further trading opportunity or long term investment. 

• The price recently broke out price box [230, 245]
• and back tested 247.11 and hold
• within next month or 2 the upside price target is around measured move $260 (unless the price move down back into the box [230, 245], otherwise upside target will achieve)

http://schrts.co/otbJMt

• GS monthly chart wedge or triangle break out 
• the measured move upside target is around $290~$300.

http://schrts.co/YBv5uT