TDOC - earnings report on the horizonBought today at 183
Projected sell at between 210 and 260
Will keep a close stop loss in operation
0LDR trade ideas
$TDOC - RSI vs. Trend signals a bullish movement opportunityMain support area 168.5-170.
Case of recovery in range, I observe the targets as follow:
1. 201-204 (204 is the main resistance for continuance above).
2. 230-232
I do not recommend to buy or sell TDOC shares.
$TDOCKeeping this one simple. Down big time from ATH along with all growth stocks. Red line is stop loss expecting this to consolidate a little before it comes back to life. $203 should see next leg up. Entered today at $173. Ride to $200 and sell 1/2 to see if it comes back down to consolidate some more, buy back again at $173 if possible. That is my plan. GL to all.
TDOC to $140s by May earnings?I'm in TDOC, it has delivered more than I have expected, specially that December to Feb run we enjoyed.
Fundamentals
But, as much as I believe in the long term potential of TDOC, I don't think enough people know where the growth potential in the company comes from. This isn't just a telemedicine covid stock that many people think. This company has a vision that is prepared to make the most out of the slightest of weakness in the nation's healthcare system. If you believe the traditional US healthcare sector is going to become super efficient in the next 5 years, don't invest in TDOC. But my bet is that the only way the US will be able to better manage the healthcare needs of such a vast population is through innovations across disruptive platforms like Teladoc.
Some of TDOC's acquisitions in recent years that expand their offering: livongo, inTouch health, Best Doctors, Advance medical.
Technical analysis
RSI is currently oversold. Broadly the market is recovering, as will Tdoc, but with a weaker earnings report in Feb, the pressure will be on during the May earnings.
If TDOC does a clean break upward of 230$, we're good. But, I believe, similar to the June 2020 - Jan 2021 run, TDOC will run through a flat out consolidation between the $185 - $235 range , shortly after which a Head and Shoulder pattern may be obvious.
Given the broader market risks mid year and May being earnings, I expect the drop to $140 may happen around then. If we continue to consolidate, I will still keep an eye out as I believe TDOC will find a deeper correction (and a better buying opportunity) in 2021.
Good luck traders!
Bullish move up or Head & Shoulder?Tdoc playing out beautifully to my previous analysis (linked below - includes my fundamental analysis)
Where are we now? Great opportunity to be accumulating here. This train is loading up for a move upstate.
Head and shoulder? once we hit 235, I will watch carefully. My personal strategy is sell half the position and add a stop on the remaining just around $208. If TDOC fails that bounce I'd be worrying about another deeper dip coming. Fundamentally, May is around the time many expect economy to reopen. Once that happens, Tdoc may take an initial hit as a "stay-at-home" stock perception.
In the short term though, bullish move up incoming.
Good luck!
TDOC - Let's see if X marks the spotPossible reversal based on long term support. Several sell rejections from this area.
TDOC Ichimoku Clamp TradeExpect price to return to the Kijun in the next couple of weeks. Price has now crossed up over Tenken. Tenken and Kijun should clamp together in the near term and bring the price back to the .5 Fib from last major move. Expect at least 20% return not including price overshoot of Kijun. Heikin Ashi shows clear trend reversal.
Solid support and accumulation.Price has bounced and sitting on the strong supprt. It seems to be we have acumulation. probably by Cathy Wood :)
Follow...
Buy the dip!Go long on this one, at least for one year. This type of service will be very popular in the future. It has great growth potential.
TDOC go longGo long at 300ma support, MACD going green soon and accumulation distribution line continues to rise. Solid entry based on wave trend oscillator as well.
Teladoc Health Ready For A Rally! 🩺TDOC had a massive $133 correction since February 16th. They reported an earnings of -$3.07 which missed estimates of $0.24. Big miss on their earnings accompanied with a correction in the overall market resulted in price landing below $200. The past 4 days TDOC reached a low of $174 and today managed to test the $200 support but failed to get above. I have entered 4/16 $220 calls at close today avg $ of $7.15. Will look to add more TDOC swings on continued show of strength. Over $200/202 TDOC can make a move back to $220 quickly if the market holds up.
Chart:
HVN: HVN at ~$195 serving as a strong support zone. This is where TDOC can chop around at if it isn’t ready to break $201/202 lvl yet. HVN at $217/220 area serves as first PT.
Fib: Fib retracement lvls at $201.5 and $222 serving as good entries/exits.
Support/Resistance: Resistance levels roughly at $200,210, 216, and 221 lvls to play off of as well.
EMA’s: 20 EMA will be right at 223 on the Daily chart
MACD & RSI: both are gearing up for reversals
Plan: I entered a smaller position and would like to add heavier on confirmation of a move back to $220 PT.
SL: Will be watching $188-$190 lvl to hold as support for SL if we re-trace. Current AH price action has TDOC above $200 but lets see what it does Friday.
TDOC : Bullish?just an Idea with the current bull run, but if things open up and pandemic ends, then it looks bearish
TDOC backtesting a bullflag it broke out from in janTDOC could reverse as RSI is oversold. Although it could come lower to test bottom green trendline, it may have already bottomed. Not financial advice. DYOR
TDOC - BUY ZONE HERETDOC's price is correcting strongly to the support zone, we are waiting for confirmation to buy TDOC following the previous uptrend.
That is great, good luck.
Looking for a bounce/rally on the dailyAfter selling off over 43% from its all time highs in just a few short weeks, I am now looking to catch the daily bounce back to the upside. As noted in the daily chart, this is the most oversold on the daily that this company has been since its IPO date. We are in a strong price zone that we traded in for months. This company benefited from Covid, yet precovid they were trading at over $115.00. It is trading above that now, however, the company has grown since then and this is not going away anytime soon as it will continue to grow even with states reopening. The 4hr chart is also massively oversold trading now in the teens on the RSI. I am looking for this stock to mean reversion to an evaluation that makes sense for the company. They had a price target upgrade to $300 after their recent earnings.
First target is $225 to take profit
2nd target is $255
This is a trade idea for a multi week swing as funds reallocate back into tech with this selling off in a "too much too soon" fashion with price support and many other indicators needing to cool off at minimum.
TDOC consolidation here at supportSaw nice level of support keep this stock from moving further to the red. If it finds its legs and shows more strength I will wait to enter calls at this area of value. No entry for me unless I see a break of that trendline showing a reversal. I like to be somewhat conservative on my trades - Dont fight the trend..
Bullish on TDOCTELADOC is looking good after the companys stock crash 30%. TDOC is slightly under the 200 SMA. Also, RSI and MACD are showing overbought momentum meaning a great short to long-term trade. I think we will see a bounce back as the stock has still a wonderful future with a lot of growth and imagination to make new tops.
