On 8 April 2019 I posted an original report on UTHR. The count expected a completion of correction of the wave ( 4 ) down shaped as a symmetrical triangle.
Let’s look below on the updated chart. Theoretically we still can count that correction as a triangle. Sometimes the final wave E of the triangle breaks under support. But that move down makes that setup less reliable LONG setup. The critical support for this long setup is the low of the wave ( B ) down at 81.79. As long as price stays over that level the stock has a potential for another rally in wave ( 5 ) up. If you are not long this stock I would recommend you not to go long here. I would wait for a move up out off that green demand zone followed by a corrective micro a-b-c down.