TDOC
TDOC : POSITION TRADE / RESETTeladoc is the sixth-largest holding in the ARKK ETF - a top performing actively managed fund focused on disruptive innovations.
Teladoc reported third-quarter revenue up 109% year-over-year to $288.8 million. Total visits increased 206% year-over-year to 2.8 million.
The company expects to end the year with 50 million to 51 million U.S. paid members and 21 million to 22 million visit fee only members.
The Teladoc - Livongo merger has created the singular global, consumer-centered virtual care platform.
Together, they have formed the dominant category leader with a massive $121 billion Total Addressable Market.
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TDOC Big move coming going into EarningsTDOC looking good for a long setup going into earnings. ER is on 5/4. TDOC has been beaten down the past earnings but technicals are showing upside potential. We also have gaps above. Looking for a break through that 213 level (200 SMA) and push through earnings.
Setups: Squeezing on the daily timeframe and we're on the 4th wave of the wolf wave pattern.
Contract Suggestion: Spreads are really nasty, this is the only option chain date that I found fairly decent.
TDOC 5/21 240C @ 1.75 (Long swings -safer play)
TDOC Inverse Head and Shoulders Long StrategyAfter being beaten down during the Feb-Mar correction, TDOC is sitting more than 100 points below its ATH. It is awfully close to the neckline which happens to coincide with the 50 day SMA @ around 187. Also note the massive gap above the neckline indicated by the grey rectangle -- around 12 points. This looks to be a very rewarding long strategy and even a good buy for shares given the upside potential and increased relevance of telehealth.
Bullish move up or Head & Shoulder?Tdoc playing out beautifully to my previous analysis (linked below - includes my fundamental analysis)
Where are we now? Great opportunity to be accumulating here. This train is loading up for a move upstate.
Head and shoulder? once we hit 235, I will watch carefully. My personal strategy is sell half the position and add a stop on the remaining just around $208. If TDOC fails that bounce I'd be worrying about another deeper dip coming. Fundamentally, May is around the time many expect economy to reopen. Once that happens, Tdoc may take an initial hit as a "stay-at-home" stock perception.
In the short term though, bullish move up incoming.
Good luck!
Teladoc Health Ready For A Rally! 🩺TDOC had a massive $133 correction since February 16th. They reported an earnings of -$3.07 which missed estimates of $0.24. Big miss on their earnings accompanied with a correction in the overall market resulted in price landing below $200. The past 4 days TDOC reached a low of $174 and today managed to test the $200 support but failed to get above. I have entered 4/16 $220 calls at close today avg $ of $7.15. Will look to add more TDOC swings on continued show of strength. Over $200/202 TDOC can make a move back to $220 quickly if the market holds up.
Chart:
HVN: HVN at ~$195 serving as a strong support zone. This is where TDOC can chop around at if it isn’t ready to break $201/202 lvl yet. HVN at $217/220 area serves as first PT.
Fib: Fib retracement lvls at $201.5 and $222 serving as good entries/exits.
Support/Resistance: Resistance levels roughly at $200,210, 216, and 221 lvls to play off of as well.
EMA’s: 20 EMA will be right at 223 on the Daily chart
MACD & RSI: both are gearing up for reversals
Plan: I entered a smaller position and would like to add heavier on confirmation of a move back to $220 PT.
SL: Will be watching $188-$190 lvl to hold as support for SL if we re-trace. Current AH price action has TDOC above $200 but lets see what it does Friday.
TDOC consolidation here at supportSaw nice level of support keep this stock from moving further to the red. If it finds its legs and shows more strength I will wait to enter calls at this area of value. No entry for me unless I see a break of that trendline showing a reversal. I like to be somewhat conservative on my trades - Dont fight the trend..
Bullish on TDOCTELADOC is looking good after the companys stock crash 30%. TDOC is slightly under the 200 SMA. Also, RSI and MACD are showing overbought momentum meaning a great short to long-term trade. I think we will see a bounce back as the stock has still a wonderful future with a lot of growth and imagination to make new tops.
Teledoc: Time to Collect$TDOC, Cathie Wood's 3rd largest position (ARK Investing) has dropped more than 31% from its ATH retracing down to its 200SMA on the daily chart. This is is a great company with great future potentials. The price may drop further due to an overall sell-off in the entire market, which gives us a better opportunity to collect more. Not financial advice, DYODD!
$TDOC Cup and Handle patternThis is not financial advice, this is my opinion and should not be used as a reason to trade $TDOC. A super clear Cup and Handle pattern and going off the handles highest level and the lowest point of the "cup" my price target for $TDOC is ~$340. Please let me know what you think and if you have any other info or suggestions. Thanks.
TDOC - LongTeledoc Health (TDOC) is trading inside of a rising wedge that we believe will break to the upside. The green upward trend-line is the target. Our two highly probable scenarios are outlined on the chart. A rise in volume should push the stock above the cyan resistance line. A backtest after the breakout would be a great time to accumulate. - HH