Core Viewpoint - UnitedHealth Group Incorporated (NYSE:UNH) is currently presenting potential trading opportunities as its stock consolidates within a defined range between key support and resistance levels, making it the Stock of the Day [1]. Trading Strategies - Traders typically employ two strategies when a stock is rangebound: buying near the bottom of the range and selling close to the top, or waiting for a breakout either upwards or downwards [1]. Resistance Levels - The upper boundary of the trading range is approximately $372, which has become a resistance level due to remorse from buyers who purchased at this price previously [2][4]. - Many of these buyers placed sell orders when the stock rallied back to $372, creating significant resistance at this level [5]. Support Levels - The lower boundary of the trading range is around $352, where support has been established due to previous resistance at this level [6]. - Sellers who experienced remorse after selling at around $354 decided to repurchase their shares when the price dropped back to this level, resulting in strong buy orders that created support [7]. Market Psychology - Successful traders recognize that buyer's remorse can transform support into resistance, while seller's remorse can convert resistance into support, providing insights for profitable entry and exit points [7].

Core Insights - Tesla's stock has recently experienced volatility, with significant resistance observed at the $359 level, indicating a pattern of buyer's remorse [1][2] - The stock has found support around the $285 level, which was previously a support level in early June, demonstrating seller's remorse [4][6] Group 1: Resistance Levels - Resistance at $359 was created by remorseful buyers who sold their shares to break even after initially purchasing at that price [2][4] - This resistance has been observed multiple times throughout the year, indicating a recurring pattern in trading behavior [2][4] Group 2: Support Levels - Support at $285 formed due to remorseful sellers who regretted selling their shares when the price rallied back [5][6] - The stock's ability to find support at previously established levels highlights the psychological factors influencing trading decisions [5][6] Group 3: Trading Lessons - The trading patterns of Tesla illustrate the concepts of buyer's remorse leading to resistance and seller's remorse leading to support [7] - Understanding these psychological factors can aid traders in making informed decisions and identifying potential profit opportunities [7]