Teladoc ChannelI'm creating channels for a few stocks that I'm bullish on to see if I can swing money from stocks at the top of their channel to stocks at the bottom of their channels to maximize profits
T2DH34 trade ideas
TDOC bullish using fib extension for entry/exits. Nice support at 181, next support at 161. keeps bumping off (down) of the "golden zone" around 225.
reasonable entry point right now and look to sell if stuck at 210. if goes past 210, look to sell at 225 if it gets stuck. if it goes past 225, look for major bullish run (up, up, up).
$TDOC curling off channel supportTicker: $TDOC
- Beautiful daily close within our channel support
- Need to break our downtrend to see higher
- Above downtrend we will run to our volume shelf
- If we fall back below channel watch for 180
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.
TDOCBreaking out from consolidation zone...watch out for chop within larger consolidation zone. (No Position).
$TDOC Channel/ Play the PivotTDOC Daily Pivot at $208.63
If daily close below the pivot, target bottom of channel/ daily order block at $192.xx
If daily pivot holds target long gradual push to top of channel.
For more risk adverse investors, take profits along the way up.
TDOC - LONG Idea- After a recent pullback (news of merger with LIVONGO), price has closed above the 20ma again and looking attractive to jump on the trend or add to existing positions ( LINK BELOW of intial trade)
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
NYSE:TDOC
Teladoc Health Inc (TDOC) could rise 8%Relative Strength Index currently low and the next resistance level is 8% higher so this could be a good stock to buy for short term gains.
$TDOC Teladoc Reversal Targets
Potential reversal trade post 30% retrace.
Stock has found support on the Fibonacci Golden pocket.
Stochastic attempting to bottom and cross.
Sell side volume declines.
100ma now support.
$198-$204 potential target range short term
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Downside Risk: TDOC Broke 10 WMA in 225% VolumeTDOC, which is a darling in the Covid pandemic has downside ride because of the break of the 10 week moving average. This is highly risky because they are currently in negative cash flow with a yearly estimated EPS of -$1.36/share. If the bull trend continues would not be surprise of a quick recovery in about 3 week by hitting the 40WMA of about $150 then bouncing back.
BUY $TDOC PRICE TARGET 250 Teladoc is a strong company during these times and has just finished a pullback to the 38.2 fib level as well as holding our support line, where it tends to bounce up. In my opinion, this is a strong buy.
Bullish moving to 200 this weekTested support 3 times at low 180s failed to break, shorts gave us a head fake last week with a big bullish candle and are trying to bring the price back down, however, the selling pressure is not there anymore. Waiting for it to break over the top Bollinger band and this will pop over 200 and stay there.
TDOC 100 MA support on daily chartOversold, likely ready for a bounce to hopefully 205-210. Near recent lows now, so not much risk with a stop about 4 points lower than close.
Potential support found for TDOCTDOC also looks to have found support off this trendline which is also supported by the 100 day ema. ARK funds now has over $140M in holdings in just 10 days making it their 20th largest holding now
$TDOC forming a Morning Star?Still 1 hour and 45 minutes left in the day buy it's looking like $TDOC could be forming a very bullish morning star candle. TBD. If so, I'll take a chance tomorrow to go long with a stop just below today's (8/12) low.
