T2DH34 trade ideas
Doctor PinballI have $TDOC bouncing around between support and resistance until they report earnings. Assuming the market is still bullish. Once earnings are announced, the fate of $TDOC will be uncovered. $LVGO MA working? other previous MA's working? Profit margins? Forward looking statements. The analysist will be all over this
50Day/200day moving average about to converge? - The gold crossHallelujah!
Teladoc is a stay at home stock with great fundamentals. Going into lock downs at Christmas has to vouch for them.
The last earnings call was very disappointing, but it's had time to cool off and now showing some higher lows.
I believe people are now getting ready for the next quarter earnings call (perhaps to sell into them).
The golden cross could just be around the corner. Biblical!
Setting up to break through important resistanceTDOC 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.