TDOC target 275Moving along the upward trend channel. Having spent Aug consolidating in megaphone, TDOC looks ready to breakout to the upside. Measured move to 275-285.
Position: Long
Disclaimer: These should be seen as the commentator's Notes to Self. Hopefully educational but aiming for entertaining. No legal or financial liabilities should be pursued from these materials.
Tdoclong
TDOC - 11.24% Potential Profit - Ascending TriangleClear Uptrend Corridor with Support and Resistance confirmed multiple times over the past 2 months. Ascending Triangle formed within, breaking through consolidation.
I would place a limit entry order to confirm the new support.
- Historical uptrend
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $238.65
Suggested Stop Loss $232.37
Target price $265