TDOC is consolidating below an important level of 200. There remains little buying beyond this level, however, buyers seem to be stepping up. Both anchored VWAPs from ATH and bottom of the break down and may serve as support and resistance levels. If it break 200 at good volume and closes above the anchored VWAP from the ATH, it has a potential to retrace back to mid 200's.
Note
Indecision candle today, not much volume, but price did not escape the uptrend channel. The thesis of breaking through 200 not invalidated yet.Trade closed: stop reached
Gap down on Amazon news. Typical price behavior when something like this happens.Note
Learn this patter. I was stopped out on a "news" day, even though i thought news was not that material. It was a shake out of weak hands before a short squeeze.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.