I'm finding the same patterns in lots of US growth stocks which suggest to me that there may still be money to made in this bull market if these potential 5th waves do materialize.
Write sometning about your psyhology thinking before trade?
I am in very good shape because I am in a vaccation and have a lot of time for market.
Describe the trade. What you see?
I will enter at the top of the ascending triangle and hope price will go to lower support
Write why you want to enter the trade in this point?
Stock is oversold and it is on the top...
TDOC has been following a rising trend for about 18 months, and it looks like it just broke out of an ascending triangle. I wonder if it was a trap? 4th quarter report is out next week, maybe that will have an impact one way or the other...
Converging Resistance and trend lines may lead to a possible break out. ultra High volume hammer/doji with a long lower wick suggests bullishness. IF breakout and follow threw 1month target 45.50
After a recent 38% retracement, Teladoc has resumed its long-term down-trend. The trend was resumed when price broke down through the 6-month moving average (shown by the blue line).
If price stays below the recently-established top at 16.84, we can expect TDOC to head to new lows over the next 6 months.
