Pull Back FishingDescending triangle. TDOC may be at the bottom if the bottom does not get any deeper. If support line is broken, then maybe time to run.
Price is inside what appears to be a descending triangle. This is a neutral pattern until a trendline is broken and a trend has formed in that direction. Any triangle is a neutral pattern and can break to the upside or the downside. Descending triangles do not always break down and ascending triangles do not always break to the upside.
The top trendline is resistance, the bottom is support.
NV is high on this one. Short interest is 12.11% and the short ratio is 7.9. This is a bit on the high side. The short Interest ratio is a simple formula that divides the number of shares short held short of a stock by the stock's average daily trading volume. Sometimes used interchangeably with "days to cover". "Days to cover" measures the expected number of days to close out a company's outstanding shares that have been sold short. It computes a company's shares that are currently shorted divided by the average daily trading volume to give an approximation of the time required, expressed in days, to close out those short positions.
No recommendation
