$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 trade ideas
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
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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)
-- MANAGE YOUR RISK - -
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.
TDOC RoadmapNot financial advise, but TDOC will head below 180 before moving up. Put stop loss at 171
TDOC - Patience for optimal entry.Teladoc Health to Merge With Livongo to Improve Services
Teladoc Health, Inc. TDOC recently entered into a definitive merger agreement with Livongo Health, Inc. LVGO, which is an Applied Health Signals company. Subject to customary approval, the cash-stock transaction valued at $18.5 billion is likely to conclude by the end of fourth-quarter 2020.
Upon closure of the transaction, the existing shareholders of Teladoc Health and Livongo will own around 58% and 42%, respectively, of the combined company.
Benefits of the Deal
The merger of the companies, both of which already excel in virtual health and chronic condition management, will create a comprehensive virtual healthcare delivery system. This, in turn, will result in improved health outcomes and reduced costs across the healthcare ecosystem.
Moreover, the platform of the combined company will be equipped with AI+AI engine-driven “nudges”, health coaches, therapists, board-certified physicians and specialists. The platform will also provide consumers access to real-time information and demonstrate ways to manage their well-being.
