4LL trade ideas
TDOC Breakout Trade, with Trigger and StopAfter the acquisition of LVGO, TDOC has traded sideways, creating a 6 month base. During that time TDOC has increased its institutional holders to 44 funds. Technically, the chart is showing an inverted head and shoulders base beakout, a trendline break, and consolidating below supply between 225-240. Above 240, TDOC can break upward to 300 with an upward target of 500. The chart is similar to ROKU's pre-breakout, which I also posted. (see related ideas). The stop would be a break below the downtrend, at 215.
TDOC to rise and test the long term resistanceTDOC presents us with a good risk vs reward opportunity when taking into consideration both the fundamental and technical analysis. Fundamentally, Teledoc is a giant in the tele health sector and with the future moving towards online, It would not be surprising to see Teledoc trade at much higher prices in the near future. - HH
* This is not financial advice, just an opportunity we want to share.
$TDOC Looking to Run HigherTeladoc forming 4 months cup and handle breakout pattern. Stock looks ready to run higher after a bullish daily candle close on Monday. Stock also broke a 5 month downward trend line on Jan 7th increasing the chances of a successful breakout.
Teladoc Health Inc (TDOC)- PROVIDES ON-DEMAND HEALTHCARE SERVICES WITH OVER 3,000 BOARD-CERTIFIED PHYSICIANS