TDOC trade ideas
$TDOC Teladoc Reversal Targets
Potential reversal trade post 30% retrace.
Stock has found support on the Fibonacci Golden pocket.
Stochastic attempting to bottom and cross.
Sell side volume declines.
100ma now support.
$198-$204 potential target range short term
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Downside Risk: TDOC Broke 10 WMA in 225% VolumeTDOC, which is a darling in the Covid pandemic has downside ride because of the break of the 10 week moving average. This is highly risky because they are currently in negative cash flow with a yearly estimated EPS of -$1.36/share. If the bull trend continues would not be surprise of a quick recovery in about 3 week by hitting the 40WMA of about $150 then bouncing back.
BUY $TDOC PRICE TARGET 250 Teladoc is a strong company during these times and has just finished a pullback to the 38.2 fib level as well as holding our support line, where it tends to bounce up. In my opinion, this is a strong buy.
Bullish moving to 200 this weekTested support 3 times at low 180s failed to break, shorts gave us a head fake last week with a big bullish candle and are trying to bring the price back down, however, the selling pressure is not there anymore. Waiting for it to break over the top Bollinger band and this will pop over 200 and stay there.
TDOC 100 MA support on daily chartOversold, likely ready for a bounce to hopefully 205-210. Near recent lows now, so not much risk with a stop about 4 points lower than close.
Potential support found for TDOCTDOC also looks to have found support off this trendline which is also supported by the 100 day ema. ARK funds now has over $140M in holdings in just 10 days making it their 20th largest holding now
$TDOC forming a Morning Star?Still 1 hour and 45 minutes left in the day buy it's looking like $TDOC could be forming a very bullish morning star candle. TBD. If so, I'll take a chance tomorrow to go long with a stop just below today's (8/12) low.
TDOC RoadmapNot financial advise, but TDOC will head below 180 before moving up. Put stop loss at 171
TDOC - Patience for optimal entry.Teladoc Health to Merge With Livongo to Improve Services
Teladoc Health, Inc. TDOC recently entered into a definitive merger agreement with Livongo Health, Inc. LVGO, which is an Applied Health Signals company. Subject to customary approval, the cash-stock transaction valued at $18.5 billion is likely to conclude by the end of fourth-quarter 2020.
Upon closure of the transaction, the existing shareholders of Teladoc Health and Livongo will own around 58% and 42%, respectively, of the combined company.
Benefits of the Deal
The merger of the companies, both of which already excel in virtual health and chronic condition management, will create a comprehensive virtual healthcare delivery system. This, in turn, will result in improved health outcomes and reduced costs across the healthcare ecosystem.
Moreover, the platform of the combined company will be equipped with AI+AI engine-driven “nudges”, health coaches, therapists, board-certified physicians and specialists. The platform will also provide consumers access to real-time information and demonstrate ways to manage their well-being.
TDOC buying out LVGO , overpriced ?TDOC is buying out another medical services company that also works in the virtual care platform
already the LVGO stock has gone over the value of this merger and lawyers are taking clients to sue
i Had to re-align my channel to fit the dropping price of TDOC as people are selling out of this merger
although a lot of em say they will buy back in aat a lower price
i usually like to see the mid line touch more in the middle area
Queuing to see the Teladoc at 195Last night, Teladoc which has been going up for more than 200% since the beginning of 2020 has a sharp fall of nearly 16%.
It is highly likely that it will have a pull back tonight and I expect the price to head further south towards 195 price level before I take a long shot.
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See our calls in Feb and May 2020
TDOC - 11.24% Potential Profit - Ascending TriangleClear Uptrend Corridor with Support and Resistance confirmed multiple times over the past 2 months. Ascending Triangle formed within, breaking through consolidation.
I would place a limit entry order to confirm the new support.
- Historical uptrend
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $238.65
Suggested Stop Loss $232.37
Target price $265
Teladoc - Breaking out / uptrend- Teladoc operates in the virtual healthcare world and is well positioned in the current COVID business environment
- Its in a steady uptrend and is breaking out of a bull flag pattern
- Stop loss can be placed under the last swing low, no take profit as will be aiming to follow the trend on this one.
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
NYSE:TDOC
Scalping Method-Level 1 -2Using our scalping method, you can see and look for right signal to "GO IN" and when to get out with our indicators (level 1). With level 2, you incorporate along with level 1, we use and watch for bars patterns ( 3 white soldiers, 3-4 bars up/down, bullish-bearish enguffing, razor blades, shooting starts, moring stars and dark cloude covered to help us execute our trade with confident.
