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 trade ideas
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.
6 Month Chart Support Trend LineRSI is oversold. Support holding. Could further drop to $200 before explosion. Can't forget to mention its Cathie Wood's 3rd largest holding at ARK. Anything below $210 is a steal imo.
TDOC- Elliot wave analysisLooks like a wave 2 completeion. Will wait for Wave 1-2 pull back of wave 3 confirmation to enter long.
TDOC Amazing Long Term OpportunityBottom of the channel and RSI at support too.
Weekly 50SMA supportive as well.
Healthcare is something that isn't going away.
Just my own thoughts and opinions.
Teledoc: Time to Collect$TDOC, Cathie Wood's 3rd largest position (ARK Investing) has dropped more than 31% from its ATH retracing down to its 200SMA on the daily chart. This is is a great company with great future potentials. The price may drop further due to an overall sell-off in the entire market, which gives us a better opportunity to collect more. Not financial advice, DYODD!
TDOC exponential moving averagesPurple- 5 day ema
Blue- 10 day ema
Pink- 21 day ema
Black- 50 day ema
Thick Blue- 200 day ema
TDOC - cup and handleTake notes! Cup and handle upon confirmation of break above top. Chance to run to new highs. Solid risk reward here. Place entry for calls above top, set stop loss under. Let the trade come to you!
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TDOC Uptrend and in Wedge Get $320 Call for April02/07/2021 - Daily uptrend still in place
Also a wedge and also cup and handle on the 1 HR Chart. A break would project us to $320
Get $320 Call for April
Rectangle Cup and Handle?A rectangle is a continuation pattern and a consolidation pattern. Price can break up or down from a rectangle and Mid Rectangle can be used as a stop either way it goes.
I just noticed a possible cup and handle forming inside of this rectangle. I've never notice a cup and handle inside a rectangle before...lol..But break out for that pattern would be the top of the rectangle in an uptrend.
The targets are listed for the rectangle break out with long entry at top trendline at 233.8 and an uptrend and a down break out of bottom trendline of 181.75 with a downtrend in place.
The cup (If it is a cup, use your judgement on that one) has a depth of 68.30. That would yield some pretty good targets if it breaks out. I drew this yesterday and was writing the comment today so I had to refer back to the drawing to get numbers, so I literally just noticed the possible C&H pattern inside the rectangle. If it is a cup and handle, HL (handle low) looks to be around 219.3 and it wouold provide support. This will be interesting to watch and see what happens. Rectangles can be tough to break out of so time will tell. The top trendline is resistance but will be support if this breaks up.
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To get targets for cup and handle, you can take the cup depth and add it to rectangle break out. Multiply 68.30 and multiply it by .38, .62, .79% or the corresponding fib levels of .382, .618 and .786. For a bullish stock in a bullish market you can add targets 2 using 100% and fib levels above 100% of 1.27 and 1.618%.
I was just chatting with someone regarding this stock and decided to go ahead and post this chart.
Not a recommendation.
TDOCStrong price action from one of the market leaders
Watch for a price above the trendline
Possible bounce back from 10EMA IMO
NYSE:TDOC
$TDOC Cup and Handle patternThis is not financial advice, this is my opinion and should not be used as a reason to trade $TDOC. A super clear Cup and Handle pattern and going off the handles highest level and the lowest point of the "cup" my price target for $TDOC is ~$340. Please let me know what you think and if you have any other info or suggestions. Thanks.
$TDOC Back on my Watch ListI like how $TDOC has been finding support on both the 10 day simple and the 8 ema. There have been some long emotional wicks to the downside likely shaking the weaker hands out. I also like how the volume has been drying up as it declines in price. I'll be looking for the up volume to exceed the base line I've drawn on the volume section. If does that, I'll be taking a long position. All TBD... Ideas, not investing / trading advice.
$TDOC 10/2/2021 analysisNYSE:TDOC
Teladoc Health Inc. (Ticker: TDOC) is a multinational telemedicine and virtual healthcare company including telehealth, medical opinions, AI and analytics. TDOC is also one of the heavily weighted stocks in ARK fund. The price had started to skyrocket since January and the price is moving along the uptrend line. There is a support area around 285, if the price sustains above 285, most possibility it will move along the uptrend line.
The best price to buy in is around 234 – 240 and the risk to buy in the stock now is high. Therefore, the best strategy is to wait until TDOC starts to pullback. The future of TDOC is also promising therefore can hold for medium – long term.
Support: 285, 260
Resistance: 300, 310, 330
*This is my opinion on the stocks only*
*Trade at your own risks*
$TDOC CALMA StratReason for buying this stock:
Entry:
1. Candle is above ALMA
2. CCI Breaks 100
Exit:
1. Sell when happy
2. Candle is below ALMA
Not a financial advice. TAYOR. DYOR
TDOC - LongTeledoc Health (TDOC) is trading inside of a rising wedge that we believe will break to the upside. The green upward trend-line is the target. Our two highly probable scenarios are outlined on the chart. A rise in volume should push the stock above the cyan resistance line. A backtest after the breakout would be a great time to accumulate. - HH
