TDOC: Long term upside potentialLots of technical readings going on at TDOC's chart!
ABC correction wave
Double bottom at support area
Weekly Spinning top + hammer pattern
Momentum is slowly picking up
Should be 1 to hold for the long term.
Target profit 1 at $180; just to lock in some profits
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
TDOC trade ideas
Pull Back FishingDescending triangle. TDOC may be at the bottom if the bottom does not get any deeper. If support line is broken, then maybe time to run.
Price is inside what appears to be a descending triangle. This is a neutral pattern until a trendline is broken and a trend has formed in that direction. Any triangle is a neutral pattern and can break to the upside or the downside. Descending triangles do not always break down and ascending triangles do not always break to the upside.
The top trendline is resistance, the bottom is support.
NV is high on this one. Short interest is 12.11% and the short ratio is 7.9. This is a bit on the high side. The short Interest ratio is a simple formula that divides the number of shares short held short of a stock by the stock's average daily trading volume. Sometimes used interchangeably with "days to cover". "Days to cover" measures the expected number of days to close out a company's outstanding shares that have been sold short. It computes a company's shares that are currently shorted divided by the average daily trading volume to give an approximation of the time required, expressed in days, to close out those short positions.
No recommendation
$TDOCTeladoc Health's shares skyrocketed nearly 140% last year. So far in 2021, though, the stock is down close to 30%.
The average rating from Wall Street analysts is a Buy. InvestorsObserver’s proprietary ranking system, gives TDOC stock a score of 29 out of a possible 100. That rank is mainly influenced by a short-term technical score of 10. TDOC's rank also includes a long-term technical score of 13. The fundamental score for TDOC is 65.
In addition to the average rating from Wall Street analysts, TDOC stock has a mean target price of $208.88. This means analysts expect the stock to gain 48.25% over the next 12 months.
I think TDOC is absolutely here to stay.
Telehealth will grow, and beyond Telehealth, virtual care in general.
Chronic disease management, I think it was a good acquisition for Teladoc. I thought it brought a good platform into its lineup, and there's a great opportunity for cross-selling there.
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After a long battle to hold its price since late February TDOC had finally formed a falling wedge on the daily chart.
It’s starting to look very clean here for a continuation up.
A clean break on the falling wedge.
RSI breaking above 50
& the MACD curling
I suggest keeping this on your watchlist.
- Factor Four
TDOC - Bullish Divergence Higher LowPotential Trend reversal as bottom has been established.
Bullish Divergence rebounded and forming a Higher Low with strong volume.
Currently forming small support near 145$ , with potential trend reversal.
RSI Seems to be rejecting below 40, indicating uptrend strength.
TDOC potential rising wedge break downAfter a weird ER, TDOC seems to continue in its initial plan. Rising wedge, potential break down before September. Don't fret longs, it will fall into the big box, I call it the loading zone. Avg down in there. Watch for a short term pop to 150, candle sticks seem bullish.
Teladoc Trade [TDOC]A staple of Cathie Wood's ARKK Invest fund, Teladoc looks to be winding up for a big move in the coming days after breaking the resistance of a supply line that has kept TDOC stagnant since the peak of its small rally in June.
Now we find it at a key support level just outside of the trendline and finding support on our 21 MA as well.
I am long on TDOC with a stop loss at $149.99. At this point, if the green horizontal line of support would be broken, the next level we want to look at for a long would be $146.84. However, a break and close of $146 would be a break into my no trade zone.
Bonus points for the asset if it can hold and maintain price action outside of our green, downward sloping line of resistance now hopefully flipped support.