0LDR trade ideas
TDOC looks good here with a $194+ target priceNYSE:TDOC
Signaled a few weeks ago but I'm just now getting ready to hop in. Signal is for $194+
Will be looking for entry on Monday. Wish I had got in a little sooner....oh well.
*Look at my post history for accuracy*
$TDOC:NYSE - TELADOC HEALTH INC - Telehealth up 100%Teladoc is 7 days away from earnings and with a pullback last night of 5%, if it heads back up over the next couple of days could be worth a look. Hard to imagine they wont have some great earnings to report - but much of that could already be over inflated in the current share price. Worth a watch.
Teladoc Health, Inc. engages in the provision of telehealthcare services using a technology platform via mobile devices, the Internet, video and phone. Its portfolio of services and solutions covers medical subspecialties from non-urgent, episodic needs like flu and upper respiratory infections, to chronic, complicated medical conditions like cancer and congestive heart failure.
$TDOC:NYSE - TELADOC HEALTH INC - Remote healthcare up 120%Teladoc provides telehealthcare services using a technology platform via mobile devices, the Internet, video and phone. Think healthcare over the phone. With the increasing volumes of potential patients flooding into hospitals to be checked out eventually these kinds of services will become overwhelmed - and of course who want to queue up in a line with other sick people. If you aren't sick already, you probably will be by the time you leave. Remote healthcare services like Teladoc could start to benefit. It is still very turbulent but a close above say $130 could give us a clearer signal of whether its investable or not. Could be worth a watch.
Teladoc Health, Inc. engages in the provision of telehealthcare services using a technology platform via mobile devices, the Internet, video and phone. Its portfolio of services and solutions covers medical subspecialties from non-urgent, episodic needs like flu and upper respiratory infections, to chronic, complicated medical conditions like cancer and congestive heart failure.
[Long] TDOCHealthcare is a bullish sector in this deflationary environment (Both Growth and Inflation slowing)
Descending wedge potential, hourly momentum could be turning
TDOC ConsolidatingTDOC hourly showing a falling wedge within a larger symmetrical triangle.
Bullish Divergences on hourly RSI and Stoch RSI.
MACD bottoming with slight divergence as well.
Finally a good volume buy this morning, but more is needed.
How to play this:
1. Wait for breakout of the falling wedge (safest)
2.RSI trendlines tend to break out before price does. If it crosses and closes on an hourly candle, may be a good early entry before price follows.
3. Volume precedes price. If you see another 2 or 3 strong volume candles such as this mornings, take a position.
4. As you can see the falling wedge bottom is outside of the symmetrical triangle. Prepare for a possible shakeout to the 168 support before this thing starts its ascent. May not happen, but this is too clean thus far. Would not be surprised. Would buy 2/3 of position here and 1/3 in case of the shakeout at 168
Targets: 188-190 by end of month.
If has enough strength at that point, this goes above 200 on breakout of the symmetrical triangle.
$TDOC Teledoc trade setup to $200
Possible long entry $185
Target price to All Time High resistance.
Stop loss below hourly candle resistance @180
5.15.2020 TDOC Ascending Channel with bearish divergenceNeutral at the moment, can try to play the swing in the channel with tight stop losses.
-NFA
Virtual Health Care is the trend moving forwardI believe post Covid-19, there will be more people, companies' employees, etc riding on the bandwagon of using virtual health care as compared to visiting a doctor face to face. This contactless service is the norm now and it will create a new wave thereafter.
TDOC TRACKING UPDATEThe areas of concern are highlighted in yellow. Watch these areas as they could do a U-turn.
TDOC TRADE IDEA UPDATE There is a great area to buy TDOC and is shown in the green square. It is not guaranteed that the price will be in the green box but if it is at or around this support area, it should be bought for a long trade.
Buy TDOCThis stock shows a strong steady uptrend, with a recent dip that seems to present a buying opportunity. Hard to think of a reason not to buy, with a stoploss a tick outside the April 30th low
TDOC upgradedFirms are raising their TDOC price target, some even saying $200. I think they would believe in this chart
TRADE IDEA TDOC UPDATED BULLISH WAVE COUNTShort term bearish move followed by a bullish move up. Great opportunity to buy the dip as this short term move down is now here. These colored lines (Green = Bullish, Red=Bearish, Black=Long term wave count directional bias) represent the general predictive direction of the underlying security. Sometimes I also use them as trend lines and sometimes I do not. Please watch out for that. If you have any questions in how to interpret these charts, please let me know.
TDOC UPDATED BULLISH WAVE COUNT Currently tracking TDOC into resistance. Looks like there may be a drop before a continued move higher.
