hutsell_andrew

TDOC - Double Bottom & Bullish Pennant

Long
NYSE:TDOC   TELADOC HEALTH INC
Teladoc is in a longer term uptrend and has been consolidating since its all-time high in August at the time of the Livongo announcement. The stock made a bottom in mid August and another with a higher low in mid September, and the stock is now near the high end of its trading range. There's a slight pennant shape to the chart too and the stock looks poised to break out of the recent consolidation range.

Comments

The bounce from trendline and above will show the next conclusions, thanks for the update.
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