TELEDOC HEALTH -- 5th Wave
TDOC is moving up in 5th wave
Currently in subwave 4 consolidation. Target for subwave 3 was achieved. Once subwave 4 consolidation complete, a move up o 260 will continue.
The projections are still not solid, there are many possibilities for what TDOC can do here. One strong scenario is TDOC reaching 245-260 range then come down to the triangle channel to do a confirmation for the entire triangle pattern at around 215, then take off from their. TDOC has been slow due to lack of catalyst, and running the clock is another motivation for such confirmation move.
TDOC wave 5 target is 275 to 300. However, given the speed at which TDOC been moving, it maybe a while before we see that. TDOC needs a catalyst. It could be first reporting on revenues Q1 2021 after the completion of the merger with LVGO in Q1 2020.
Currently in subwave 4 consolidation. Target for subwave 3 was achieved. Once subwave 4 consolidation complete, a move up o 260 will continue.
The projections are still not solid, there are many possibilities for what TDOC can do here. One strong scenario is TDOC reaching 245-260 range then come down to the triangle channel to do a confirmation for the entire triangle pattern at around 215, then take off from their. TDOC has been slow due to lack of catalyst, and running the clock is another motivation for such confirmation move.
TDOC wave 5 target is 275 to 300. However, given the speed at which TDOC been moving, it maybe a while before we see that. TDOC needs a catalyst. It could be first reporting on revenues Q1 2021 after the completion of the merger with LVGO in Q1 2020.
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