T2DH34 trade ideas
Teladoc close to resistance Teladoc is close to 253 resistance tested in Aug 2020. It's clearly bullish, but is there more to go?
Wait and see.
TDOC Breakout Trade, with Trigger and StopAfter the acquisition of LVGO, TDOC has traded sideways, creating a 6 month base. During that time TDOC has increased its institutional holders to 44 funds. Technically, the chart is showing an inverted head and shoulders base beakout, a trendline break, and consolidating below supply between 225-240. Above 240, TDOC can break upward to 300 with an upward target of 500. The chart is similar to ROKU's pre-breakout, which I also posted. (see related ideas). The stop would be a break below the downtrend, at 215.
$TDOC - Bull SetupBroke out of long term resistance today. Looking for more.
Target 1 - $255.25
Target 2 - $279.07
Intermediate Resistances: $263.30, $272.15
Want to see it hold $241.50 to retain bull bias.
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TDOC to rise and test the long term resistanceTDOC presents us with a good risk vs reward opportunity when taking into consideration both the fundamental and technical analysis. Fundamentally, Teledoc is a giant in the tele health sector and with the future moving towards online, It would not be surprising to see Teledoc trade at much higher prices in the near future. - HH
* This is not financial advice, just an opportunity we want to share.
$TDOC Teladoc Health On Breakout Watch
Please see chart for targets and alert level to watch.
Has the potential to pull back temporarily for Moving averages to catch up.
$TDOC Run HigherI alerted to this setup unfolding this morning and hour or so before market open. Texted book Cup and Handle setup.
This trade was sickTDOC has gone from a range reversal trade to a potential breakout. I am very happy holding for now but I am watching how price reacts to the top end of the range. As long as price can hold above 220 the trend is still positive even if there is a little profit taking to come.
Tdoc Bullish Rectangle Tdoc has been trading sideways ever since about mid july. Its forming what I have highlighted at the End a BULLISH RECTANGLE.
First target 236$
Second target 248$
third Target 253$ ATH
$TDOC Looking to Run HigherTeladoc forming 4 months cup and handle breakout pattern. Stock looks ready to run higher after a bullish daily candle close on Monday. Stock also broke a 5 month downward trend line on Jan 7th increasing the chances of a successful breakout.
Teladoc Health Inc (TDOC)- PROVIDES ON-DEMAND HEALTHCARE SERVICES WITH OVER 3,000 BOARD-CERTIFIED PHYSICIANS
Long TDOCThis stock has broke the long trend and now is consolidating. It is forming nice looking bull-flag/ Pennant. Keep an eye on that one. I'm long the stock, and I set target price of $250. Lets make $!
triple re-test , outperform on the way!After e triple testing of the 233 resistance it will break out.
TELEDOC HEALTH -- 5th WaveTDOC 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.
TDOC -- looking for long entryReached the fist price target of $125 and pushed higher into the $130s which was great to tag some fib extension levels.
I have two alternate counts on this one because, with EW, it's never an exact science and the best thing to do for yourself is just try to prepare so there are not any surprises and adjust as you go.
Primary Count (White numbers in circles):
- reaching the 1.618 extension for wave 3, looks like we are in a wave 4 retrace.
- Watching my little blue line sitting at the $219 price point: BELOW this I think we can tag $214 area right around the white uptrend line.
- Watching the green dash line I have: above this (specifically, as long as price closes above this) I'll maintain my bullish leaning
Alt Count (Pink numbers in circles):
- would potentially show a complete 5 wave count up, indicating this retrace is wave 2 down. What makes sense with this one is it would go back and backtest the downtrend break out from earlier.
- Watching what happens around the $219 price and the white trend line; if we go below $219 and the white trend fails, then I will watch for price to go down between $213 and $207, indicating a full wave 2 retrace for the pink count
Gameplan:
- watching for entry: if blue line at $219 holds, could indicate start of white count wave 5 up
- if price goes below $219, will look for entry long at the support white trend line
Ultimate price target up is still around the $250 area! I think TDOC has a decent set up here to push upwards and I'll be looking to enter long positions. Premiums, as of right now, are relatively low for options. Plan is to grab some calls or call debit spreads about 45+ days out!
TDOC potential long playGoing to watch this and see what unfolds. If I can get it, I'm hoping for a very slight pull back and for it to hold in the grey support/demand box. If it holds there, I think it has odds in its favor to try and make a pretty nice run up.
If able to find a good entry, my first target up will be around $225. My second target upwards will be the $250 price area.
TDOC options premiums aren't too bad, so hoping volatility stays or drops a bit more. I'll look to enter a call debit spread on this play going about 45 days out to give it some time. If we can get above $213 and find support above the downtrend line it is currently under, I think that could be viewed as very bullish and hopefully trigger more buyers to jump on board.
