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TELADOC HEALTH INCTELADOC HEALTH INCTELADOC HEALTH INC

TELADOC HEALTH INC

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TDOC trade ideas

TELEDOC HEALTH -- 5th WaveTDOC is moving up in 5th wave Currently in subwave 4 consolidation. Target for subwave 3 was achieved. Once subwave 4 consolidation complete, a move up o 260 will continue. The projections are still not solid, there are many possibilities for what TDOC can do here. One strong scenario is TDOC reaching 245-260 range then come down to the triangle channel to do a confirmation for the entire triangle pattern at around 215, then take off from their. TDOC has been slow due to lack of catalyst, and running the clock is another motivation for such confirmation move. TDOC wave 5 target is 275 to 300. However, given the speed at which TDOC been moving, it maybe a while before we see that. TDOC needs a catalyst. It could be first reporting on revenues Q1 2021 after the completion of the merger with LVGO in Q1 2020.
NYSE:TDOCLong
by Aggie_Trader
TDOC -- looking for long entryReached the fist price target of $125 and pushed higher into the $130s which was great to tag some fib extension levels. I have two alternate counts on this one because, with EW, it's never an exact science and the best thing to do for yourself is just try to prepare so there are not any surprises and adjust as you go. Primary Count (White numbers in circles): - reaching the 1.618 extension for wave 3, looks like we are in a wave 4 retrace. - Watching my little blue line sitting at the $219 price point: BELOW this I think we can tag $214 area right around the white uptrend line. - Watching the green dash line I have: above this (specifically, as long as price closes above this) I'll maintain my bullish leaning Alt Count (Pink numbers in circles): - would potentially show a complete 5 wave count up, indicating this retrace is wave 2 down. What makes sense with this one is it would go back and backtest the downtrend break out from earlier. - Watching what happens around the $219 price and the white trend line; if we go below $219 and the white trend fails, then I will watch for price to go down between $213 and $207, indicating a full wave 2 retrace for the pink count Gameplan: - watching for entry: if blue line at $219 holds, could indicate start of white count wave 5 up - if price goes below $219, will look for entry long at the support white trend line Ultimate price target up is still around the $250 area! I think TDOC has a decent set up here to push upwards and I'll be looking to enter long positions. Premiums, as of right now, are relatively low for options. Plan is to grab some calls or call debit spreads about 45+ days out!
NYSE:TDOCLong
by PT_Marche
TDOC potential long playGoing to watch this and see what unfolds. If I can get it, I'm hoping for a very slight pull back and for it to hold in the grey support/demand box. If it holds there, I think it has odds in its favor to try and make a pretty nice run up. If able to find a good entry, my first target up will be around $225. My second target upwards will be the $250 price area. TDOC options premiums aren't too bad, so hoping volatility stays or drops a bit more. I'll look to enter a call debit spread on this play going about 45 days out to give it some time. If we can get above $213 and find support above the downtrend line it is currently under, I think that could be viewed as very bullish and hopefully trigger more buyers to jump on board.
NYSE:TDOCLong
by PT_Marche
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