4LL trade ideas
TRADE IDEA TDOC UPDATED BULLISH WAVE COUNTShort term bearish move followed by a bullish move up. Great opportunity to buy the dip as this short term move down is now here. These colored lines (Green = Bullish, Red=Bearish, Black=Long term wave count directional bias) represent the general predictive direction of the underlying security. Sometimes I also use them as trend lines and sometimes I do not. Please watch out for that. If you have any questions in how to interpret these charts, please let me know.
4.16.2020 TDOC Bearish Divergence up to the Monthly TFCOVID 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.
-NFA
TDOC - bullish but.....I posted an idea on this stock back in 2017 which, while being more or less correct in it's analysis, came up very short as to the target. The question I have with this count is although I believe there may be a 5th wave coming or even started already, has the 4th wave correction really finished at the short 23.6 fib retracement or are we still due a deeper leg down before the move higher. In this interesting times I guess anything is possible. If anyone knows please let me know.....
TDOC - Pennant to the upsideBullish Pennant, I believe this stock will go up from here at least in the next month if not sooner. Not only because of this pennant formation but also because fundamentally right now where we are in our economy and this COVID crisis. A lot more people will be inclined to call in to not expose themselves and have virtual visits. Another thing is it keeps our hospitals from flooding with other issues others may have. Lastly people don't need to expose themselves to dirty hospitals to get the scripts refiled and much more. Very bullish on this stock now and in the long term.
Thoughts?....
$TDOC Continues to Press the TrendTDOC 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 can rise in the next daysContextual immersion trading strategy idea.
Teladoc Health has a strong upward trend.
The company is providing virtual healthcare services.
Due to the spread of the COVID-19, the demand for the company's services rose.
This and other conditions can cause a rise in the share price in the next days.
I saw it again and opened a long position from $165,81;
Information about stop-loss and take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$TDOC Breakout Accelerates to Parabolic Fever PitchTDOC 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.
$TDOC can rise in the next daysContextual immersion trading strategy idea.
Teladoc Health has a strong upward trend.
The company is providing virtual healthcare services.
Due to the spread of the COVID-19, the demand for the company's services rose.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $139,49;
Information about stop-loss and take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!