Ingenuity Trading Model
Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model...
The price will likely go up towards the point where 2 pitchfork lines intersect (see the blue arrow--there are two possibilities).
"Like it" if you like it! Add your comments, questions or concerns if you have any.
DISCLAIMER: Security trading involves substantial risk of loss. My analysis is not trading advice. Do your own research first and/or consult a...
$TDOC telehealth company Teladoc Health broke out of a recent downtrend today and closed above resistance.
There was also some unusual bullish options flow today with about $7M in near term calls traded. Specifically the $215 strike call expiring this week traded more than 10x its open interest just today. Put/Call Volume Ratio was about 4:1 or in other words...
TDOC closed below the 2nd pitchfork on 9/16 which is the signal the trend will soon reverse and go up. That happened indeed. At this point TDOC reached the top of the 1st pitchfork which acts as a resistance line (and is also close to the purple resistance line). This means it may bounce back down or break through. Given that that market has reversed and is going...
Moving along the upward trend channel. Having spent Aug consolidating in megaphone, TDOC looks ready to breakout to the upside. Measured move to 275-285.
Disclaimer: These should be seen as the commentator's Notes to Self. Hopefully educational but aiming for entertaining. No legal or financial liabilities should be pursued from these materials.
Teladoc Health to Merge With Livongo to Improve Services
Teladoc Health, Inc. TDOC recently entered into a definitive merger agreement with Livongo Health, Inc. LVGO, which is an Applied Health Signals company. Subject to customary approval, the cash-stock transaction valued at $18.5 billion is likely to conclude by the end of fourth-quarter 2020.
Last night, Teladoc which has been going up for more than 200% since the beginning of 2020 has a sharp fall of nearly 16%.
It is highly likely that it will have a pull back tonight and I expect the price to head further south towards 195 price level before I take a long shot.
Read latest news here
See our calls in Feb and May 2020
Clear Uptrend Corridor with Support and Resistance confirmed multiple times over the past 2 months. Ascending Triangle formed within, breaking through consolidation.
I would place a limit entry order to confirm the new support.
- Historical uptrend
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $238.65
Suggested Stop Loss $232.37
Target price $265
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*
COVID has pumped this stock to overbought.
Teladoc Health now anticipates revenues for the first quarter of 2020 to be in the range of $180-181 million, up 40% year over year. Adjusted EBITDA is expected in the band of $10-11 million compared with $1.2 million in the first quarter of 2019.
TDOC continues to trend higher in an accelerating parabolic curve, with an Ichimoku Cloud trend indicator that is screaming for extension of that trend.
The consolidation in play now is a bullish symmetric triangle as volume mounts given the deregulation of the telehealth space to combat the coronavirus pandemic threat.
TDOC is off and running in a classic bullish range breakout and an acceleration of its ongoing upward trend into a parabolic mode as the specter of a hospital capacity crisis looms on the COVID-19 pandemic horizon. Telehealth regulations have been stripped to open the gates. And TDOC is positioned to thrive.