Earnings estimates for last quarter were more than 8 orders of magnitude off from the reported.
www.nasdaq.com
Should this trend continue, and $TDOC sees it's first ever positive EPS, we could see a rally in Q2 where price re-tests some key levels.
(Disclosure: I have long exposure to $TDOC with a DCA of around $70)
Yes, we already broke the channel once, but that was due to news ->"AMAZON + Tdoc partnership". This is the first time we break the channel organically.
Coming to a major support on the monthly!
Lots of volume and a stressed out retail investors.
I believe there certainly will be a bounce
Do you think we will see a reversal or continued downtrend?
Teladoc Health, Inc. provides virtual healthcare services on a business-to-business basis in the United States and internationally. It covers various clinical conditions, including non-critical, episodic care, chronic, and complicated cases like cancer and congestive heart failure, as well as offers telehealth solutions, chronic condition management, expert...
Earnings watch 2/22 post-market:
TDOC
SPCE
MELI
PANW
FANG
MOS
RIG
CZR
O
MTDR
Being that the entire global futures are red currently, maybe there's a diamond in the rough for earnings or even an opportunity within the chaos. I definitely feel bad for companies that are releasing earnings this upcoming market week. lol.
Do your own due diligence, your risk is...
Teladoc Health, Inc. provides virtual healthcare services on a business-to-business basis in the United States and internationally. It covers various clinical conditions, including non-critical, episodic care, chronic, and complicated cases like cancer and congestive heart failure, as well as offers telehealth solutions, chronic condition management, expert...
Cathie Wood`s biggest bet in telemedicine is Teladoc Health Inc.
She wants said Teladoc is the future of healthcare.
Now sitting at a strong support level. I expect a bounce from here!
52 Week Range 66.50 - 308.00
TDOC has a MARKET CAP of 11.931Bil.
At this discounted price it can be a buyout from AMZN or others.
Credit Suisse Group has a price target of...
With over a 75% crash stocks like TDOC have come down to price levels they were below covid. These are large consolidation zones from before which should act as a huge support.
Why bullish?
1) 5-years trendline crossing with 2-years downtrend channel at 85 and also gapfill at 85. so buy-zone is between 85 and 102.
2) Q3 earnings better than expected.
3) TDOC has contracts signed with some big players that is not counted in their sales until next quarter. so Q4 will rock.
4) possible lockdown winter. aviation stocks are bleeding again...
Like many "Covid" stocks, TelaDoc has been decimated.
Price is at a serious support and possible correction end.
Might be a starting point for "Dollar Cost Average" entries.
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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference...
TDOC :
One of Cathie Wood's big holdings.
After being totally destroyed TDOC stock is showing some positive signs of a reversal :
1. Hammer candle on daily (which will have to be confirmed by one or two more candles, i.e. follow through).
2. Bullish divergence RSI-PRICE
3. Price just below historical support-resistance zone . I don't like that fact that...
Monthly Demand Zone
Entry 87
Stop 75
Target 120
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
