Doc is looking like its ready to make its next leg up with most of the other online health care stocks such as $well.
Indicators are looking alright:
1. macd broke in an upwards trend
2. RSI and Stoch are showing no signs of slowing down
3. Economy is loving the idea of stimulus and vaccines.
Not and advertisement nor financial advise, DYOR.
Possible swing trade trade setup inside the channel Trigger would be ideal entry price and stop loss is also marked ideal take profit would be at the test of the upper channel line or sooner depending on your trading style
I checked the fib retracements and @tsx_trader is bang on. Its forming a falling wedge and consolidating right into the zone and the momentum is turning around. It could bounce/consolidate around 2.38 and head back down to the 2 support level and make another run. That would be an optional place to scale in additional funds. with a SL at 1.90 the risk/reward is...