(DOC) CloudMd Chart 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 February and it is actually a falling wedge inside of a falling wedge and sitting at more that 80% of the distance to the apex. $1.72 SP is approx 15% and up to $1.91 is approx 28% gains but they are undervalued so will be interesting to see if this pattern plays out.
DOC
Doc 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.
DOC Possible swing trade trade setup inside the channel Trigger would be ideal entry price and stop loss is also marked ideal take profit would be at the test of the upper channel line or sooner depending on your trading style
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CloudMD (DOC) about to break out.I checked the fib retracements and @tsx_trader is bang on. Its forming a falling wedge and consolidating right into the zone and the momentum is turning around. It could bounce/consolidate around 2.38 and head back down to the 2 support level and make another run. That would be an optional place to scale in additional funds. with a SL at 1.90 the risk/reward is quite attractive.
The reasons why i think it won't bounce off 2.38 is because of the tailwind it has from the stay at home stocks. As the numbers climb they're coming back into favour and this is the canadian version. Expect it to break through 2.38 on the first attempt and the falling wedge and fib retracement levels (2.38, 2.59, 2.75, 2.91, 3.13, 3.41) will become support if it pulls back at all.
Any retracement back to any of those levels confirms the pattern on the first bounce off and that can serve as a place to scale in a final time.
Of course it could rip pretty quick at the same time with no real bounces to load up but one of the above scenarios is very likely. I'm 75% confident on this one, but that confidence would increase to 85% if it bounces off $2 one more time to fill up the wedge.
*edit*One final thing, the 13/30 (hourly) just crossed over today so this is one more thing playing in its favor to plow through that wedge. So my confirmation bias is at an all time high.
