TDOC trade ideas
[Long] TDOCHealthcare is a bullish sector in this deflationary environment (Both Growth and Inflation slowing)
Descending wedge potential, hourly momentum could be turning
TDOC ConsolidatingTDOC hourly showing a falling wedge within a larger symmetrical triangle.
Bullish Divergences on hourly RSI and Stoch RSI.
MACD bottoming with slight divergence as well.
Finally a good volume buy this morning, but more is needed.
How to play this:
1. Wait for breakout of the falling wedge (safest)
2.RSI trendlines tend to break out before price does. If it crosses and closes on an hourly candle, may be a good early entry before price follows.
3. Volume precedes price. If you see another 2 or 3 strong volume candles such as this mornings, take a position.
4. As you can see the falling wedge bottom is outside of the symmetrical triangle. Prepare for a possible shakeout to the 168 support before this thing starts its ascent. May not happen, but this is too clean thus far. Would not be surprised. Would buy 2/3 of position here and 1/3 in case of the shakeout at 168
Targets: 188-190 by end of month.
If has enough strength at that point, this goes above 200 on breakout of the symmetrical triangle.
$TDOC Teledoc trade setup to $200
Possible long entry $185
Target price to All Time High resistance.
Stop loss below hourly candle resistance @180
5.15.2020 TDOC Ascending Channel with bearish divergenceNeutral at the moment, can try to play the swing in the channel with tight stop losses.
-NFA
Virtual Health Care is the trend moving forwardI believe post Covid-19, there will be more people, companies' employees, etc riding on the bandwagon of using virtual health care as compared to visiting a doctor face to face. This contactless service is the norm now and it will create a new wave thereafter.
TDOC TRACKING UPDATEThe areas of concern are highlighted in yellow. Watch these areas as they could do a U-turn.
TDOC TRADE IDEA UPDATE There is a great area to buy TDOC and is shown in the green square. It is not guaranteed that the price will be in the green box but if it is at or around this support area, it should be bought for a long trade.
Buy TDOCThis stock shows a strong steady uptrend, with a recent dip that seems to present a buying opportunity. Hard to think of a reason not to buy, with a stoploss a tick outside the April 30th low
TDOC upgradedFirms are raising their TDOC price target, some even saying $200. I think they would believe in this chart
TRADE IDEA TDOC UPDATED BULLISH WAVE COUNTShort term bearish move followed by a bullish move up. Great opportunity to buy the dip as this short term move down is now here. These colored lines (Green = Bullish, Red=Bearish, Black=Long term wave count directional bias) represent the general predictive direction of the underlying security. Sometimes I also use them as trend lines and sometimes I do not. Please watch out for that. If you have any questions in how to interpret these charts, please let me know.
TDOC UPDATED BULLISH WAVE COUNT Currently tracking TDOC into resistance. Looks like there may be a drop before a continued move higher.
$TDOC - virtual health care. Sounds good. Chart looks smarter.Heading into earnings but this thing was built for purpose. 200 looks like a nice fat round number to me. Bought mid 170s and added just now.
4.16.2020 TDOC Bearish Divergence up to the Monthly TFCOVID has pumped this stock to overbought.
Teladoc Health now anticipates revenues for the first quarter of 2020 to be in the range of $180-181 million, up 40% year over year. Adjusted EBITDA is expected in the band of $10-11 million compared with $1.2 million in the first quarter of 2019.
-NFA
TDOC - bullish but.....I posted an idea on this stock back in 2017 which, while being more or less correct in it's analysis, came up very short as to the target. The question I have with this count is although I believe there may be a 5th wave coming or even started already, has the 4th wave correction really finished at the short 23.6 fib retracement or are we still due a deeper leg down before the move higher. In this interesting times I guess anything is possible. If anyone knows please let me know.....
