1 We are in a monthly support zone (We are long)
2 On the weelky we reverse to the upside but we did not rebounce from the actual low and the stock fall lower.
3 Divergence on the weekly Low low
4 We are testing the 1.618 FIB level of the previous weekly rally (Reversal on daily)
5 + Logic volume to suggest a rebounce from the 1.681 FIB level.
DD tells me they are paying $150,000 to native ads for attention and excepting their stand out earnings for Q3 my guess up 600%-800% you from Q3 2020 and up 80%-100% from previous quarter. Recent news with Apotex I am expecting further news releases on top of the earnings based on them paying for attention. CloudMd has been in a falling wedge pattern since...
Out of one trend line, looking for it to continue and break out of the longer trend line.
Good move on volume
Great market conditions on the TSX.
This has been oversold. Maybe looking into buying tommorow.
CloudMD has been under selling pressure for months now. Today it closed its Vision Pros Acquisition and is expected to close its largest acquisition - Oncidium this month as well. The company can boast a 125-130mil revenue run rate. Vision Pros adds 22 mil in rev and 10% EBITDA margins to the bottom line for CloudMD.
I have a position in this company. It has not...
From a macro perspective you can see it's playing around the 2.05$ support level and coming up on the 200 EMA. Will need to watch closely next week to see if it bounces back or dips below and goes bearish.
From a micro perspective it heavily looks like a falling knife. With the March 5th crash it dipped then recovered, but currently continues to fall....
Doc has been had a crazy pullback since the dilution news. They do raise another additional 8.2MM with demand selling for $2.7 per share. Currently, it is trading below that $2.7 price. It is a grow company and the telemedicine sector will be the future. Right now it seems like showing a change of daily trend and hope we can bounce up from here til around MBB 2.5...
Technical Analysis
- Strong support at 2.69 which was broken through and found a floor at 2.40
- 2.40 had support + trend line rejection
- Excellent time to buy the stock ! Don’t sleep on it
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.
cloudmd.ca
Not and advertisement nor financial advise, DYOR.
Closed at $2.49 on 02/05/2021.
Believe this stock will soar once it passes $2.70 per share (Dependant on overall Stock Market performance)
Anticipate a breakout within the next two weeks.
Recently endured a cup & handle set-up.. breakout pending..
