TDOC trade ideas
A lot of momentum tech stocks are looking like this With over a 75% crash stocks like TDOC have come down to price levels they were below covid. These are large consolidation zones from before which should act as a huge support.
TDOC Buy-Zone: 85 - 102
Why bullish?
1) 5-years trendline crossing with 2-years downtrend channel at 85 and also gapfill at 85. so buy-zone is between 85 and 102.
2) Q3 earnings better than expected.
3) TDOC has contracts signed with some big players that is not counted in their sales until next quarter. so Q4 will rock.
4) possible lockdown winter. aviation stocks are bleeding again because of omicron news.
in 2 weeks biontech will tell if their vaccine is strong enough for omicron variant. if not, stay-at-home stocks will rise again. (like zoom, roku, pton, tdoc)
5) winter is a gain for TDOC. Even if you just catch cold, you will think its covid. so healthcare will be stressed during winter, overcrowded waiting rooms etc.
what would you prefer, sitting in a room with potential covid patients or a simple video call?
6) if new users get satisfied, they will become long term users, thats how innovation companies grow!
2 bottom scenarios:
A) $100: Risk to reward is nice here, LONG 101, SL 99. after 99 I would watch where it goes.
B) $85: rock bottom. I cant imagine that TDOC will break that support. (see chart)
risks and warnings:
global inflation is at historical highs. volatility could trigger domino effect.
if bubble stocks like Tesla fails, it will drag down innovation stocks.
keep an eye on ARKK innovation ETF (Top Assets: 9.56% Tesla, 5.76% TDOC, Zoom 4,36%, Roku 6,48%)
(not investment advice)
TDOC worth accumulating here? TelaDoc at a Major support zoneLike many "Covid" stocks, TelaDoc has been decimated.
Price is at a serious support and possible correction end.
Might be a starting point for "Dollar Cost Average" entries.
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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
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TDOC: SOME POSITIVE SIGNSTDOC :
One of Cathie Wood's big holdings.
After being totally destroyed TDOC stock is showing some positive signs of a reversal :
1. Hammer candle on daily (which will have to be confirmed by one or two more candles, i.e. follow through).
2. Bullish divergence RSI-PRICE
3. Price just below historical support-resistance zone . I don't like that fact that we broke below support but it could just a false breakout*, if this is the case I would expect the price to go back above the green lines.
I'll be much more bullish if we break the resistances (green lines).
I initiated a long position yesterday as a swing trade . My target is around $100 but will reassess if/when we get there.
Trade safe!
* A failed break occurs when a price moves through an identified level of support or resistance but does not have enough momentum to maintain its direction. ... Since the breakout attempt failed, the price could head the other direction. A failed break is also commonly referred to as a "false breakout."
TDOC LongMonthly Demand Zone
Entry 87
Stop 75
Target 120
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
$TDOC hitting huge line of supportWatching for a bounce - currently in a downtrend but definitely under valued atm.
PT: 125
$TDOC multiple signals buy (4/5)Conviction: 4/5
Main thesis
Retrace to .786 fib level from 2016 lows. This is an unconventional level but it coincided with medium-term resistance from 2009-2020.
RSI-W touched historical bounce area (however, if we wait for bullish divergence there could be another leg down)
RSI-D showing bullish divergence
Touching lower bound of channel (2016)
Misc Info
P/S level of 7ish is high on absolute level, but on lower end of range relative to other high growth names
Healthcare ( AMEX:XLV ) looks good compared to AMEX:SPY , could carry this up as well
High margin and high growth
Very healthy quick ratio
Potential Risks
Bullish div = another leg down
Very negative FCF (not sure why?)
Channel does not include last major recession (2008)
General markets are very expensive, and we all know correlation goes to 1 in selloff.
High growth / expensive names seems like will sell off more than general market
$TDOC Can it Hold Old Breakout Levels?Just thought it would be interesting to post this and put on watch list. This is nowhere near going long. It needs to stop going down and build a base before it's even considered for a long position. I like the space but me liking and the street liking it are different. Having said that this is on my long term watch list. Ideas, not investing / trading advice.
TDOC AnalysisNotes
weekly:
- downtrend
- strong support area @71-82
-> if this breaks: fall until @43
daily:
- there should be a retracement back until the trend line
-> @121
- small resistance area @100
good correction for TELADOCI think now is a good time to buy after a deep correction to $ 82.
We came close to a 78% correction according to the Fib retracement.
Also, the pattern 'falling wedge' shows some support.
There is a little risk because the company is not profitable. It is primarily a growth company.
Not a financial recommendation.
Keeping it simple.Opened large long position on TDOC with the assumption pandemic is here for 10+ years. Also like that its touching my support line. KISS method.
Teladoc (NYSE: $TDOC) Could See Epic Bounce As Omicron Spreads!Teladoc Health, Inc. provides virtual healthcare services on a business-to-business basis in the United States and internationally. It covers various clinical conditions, including non-critical, episodic care, chronic, and complicated cases like cancer and congestive heart failure, as well as offers telehealth solutions, chronic condition management, expert medical services, behavioral health solutions, guidance and support, and platform and program services. It serves health employers, health plans, hospitals, health systems, and insurance and financial services companies. The company offers its products and services under the Teladoc, Livongo, Advance Medical, Best Doctors, BetterHelp, and HealthiestYou brands. The company was formerly known as Teladoc, Inc. and changed its name to Teladoc Health, Inc. in August 2018. Teladoc Health, Inc. was Incorporated in 2002 and is headquartered in Purchase, New York.
TDOC Swing Trade LongLong term support and bullish divergence on the daily RSI. Looking for a 20-30% bounce over the next month or so.
Teladoc reaching $600 target price by the end of 2023! NYSE:TDOC fundamental and technical analysis based on trend, volume and patterns.
1. Fundamental
- fast-growing market
- market leader
- products and services with the highest potential being pushed just now(primary care and long term patient care, having your personal doctor online 90% of the time)
- mindset change of having the doctor online
Link to the article: codeit.us
2. Technical
2.1. Macro
- Harmonic pattern ( looks like a crab :D ) serving the purpose of accumulation and price correction before continuation in the same wave time period of 1 year as the last symmetrical triangle accumulation/correction phase in 2018.
- 2-year long bull wave until the end of 2023 reaching a price target of $600.
- volume profile supports and price magnets
2.2. Micro
- nice little pseudo-Wyckoff accumulation with proof in the underlying volume and price action
- nice little diagonal head and shoulders pattern for a nice tight leveraged entry (don't forget that you need to know how to manage your risk!)
If you are going to use low leverage or only cash, then just buy now and hold minimally until DEC 2023.
For leverage, you can have a 7% stop loss under the right shoulder and a target of $600 with intermediate targets along the way to reduce your position and risk - the first target being around $135.
Smaller stops of a few % can provide you with a tighter risk and a bigger position, but this is only for experienced ones and is definitely not recommended for this kind of trade. Rather you use a smaller position and stay inside in the long run, than be stopped out of this 2-year bull wave at the very beginning.
* if the price is already too high and you can't have a good tight stop loss, then you need to use your skills and set good limit buy orders on the support levels (look at the volume profile) to get in the trade. in this case, use small or no leverage and don't chase with too high leverage!
* it is definitely possible for the price to reach the orange support level of around $75 with a quick wick and kill your trade or even liquidate you - so don't forget to manage your risk.
Teladoc ideal entry point In the weekly chart it meets 61.8% which is exactly the previous 5 levels up top. In the 1 hour chart we just finished a tiny wave 1 and 2 upwards.
TDOC just a matter of time..Teladoc Health, Inc. TDOC recently expanded ties with the largest alliance of labor unions and labor management coalitions — the National Labor Alliance of Health Care Coalitions (“NLA”). As a result of the move, TDOC’s virtual care products and services portfolio will be extended to NLA this time. The alliance is likely to strengthen the position of Teladoc Health as a leading comprehensive virtual healthcare services provider.
TDOC LongWeekly Support
Daily trendline break
Entry 96
Stop 85
Target 135
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Buy call butterfly 2022 Mar C120/140/160
Limit 1.4
no Stop
Support cluster detected!! ✍︎tdoc is bouncing off extreme trendline support! like i said many times before, trendlines dont lie. 🧐
Also bouncing off 2018 resistance which is now support, this is what we call a support cluster! if you are short you are wrong in my opinion. Target top trendline resistance before a potential pullback.
goodluck! like and follow for more 💘
Teladoc sitting on long term supportTeladoc sitting on long term support . Can break lower, but that would invalidate the investment thesis of the stock. Or can break higher, and continue the speculative bubble.
