Teladoc Health is stable $tdoc
Caution needed , major indecision in the stock.
major swings daily
Indicators bearish may be front running stock.
In reality no need to trading in this volatility stay clear and protect your capital.
TDOC trade ideas
Corona Virus Stocks: Teladoc Health ($TDOC)While the general market has had one of the worst routs since the financial crisis, there are a select few stocks that are out performing. Today we’re going to take a look at Teladoc Health ($TDOC). First of all lets take a look at the services they provide as a company:
“Teladoc Health, Inc., formerly referred to as Teladoc, Inc. and Teladoc Medical Services, is a multinational telemedicine and virtual healthcare company based in the United States. Primary services include telehealth, medical opinions, AI and analytics, and licensable platform services.”
As one can imagine, their business model would benefit from individuals that are staying home or self quarantining.
The Elliott Wave count since the all time lows set in 2016 paint a bullish picture. Teladoc Health bottomed on March 28/2016 at an all time low of $9.08. From there a Red I is set at $19.49 on the 19th of September 2016. A Red II then followed on October 14/2016 at $14.00. From there a Red III top materialized at $89.05 on October 1/2018. A Red IV then bottomed on December 24/18 at $42.08. Presently $TDOC is rallying in a Red V and has reached the equal legs area of Red III-Red IV. This area is where a Red V Can materialize for a longer term top.
The more in depth 4H count suggests further upside is needed to complete the bullish sequence. From the Red IV low of $42.08 set on December 24/18, a Black ((1)) is set at $70.90 on Feb 20/19. Black ((2)) is set in in a running flat on Aug 28/19 at $54.70. From there some nesting has occurred with an extended wave ((3)). Black ((3)) is favoured to be nearly complete with one more leg up expected to complete the sequence.
Final thoughts
There does appear to be at least one more leg up in this stock before a longer term top may solidify. Chasing final 5th waves are usually not a great risk reward, so be sure to maintain your stops to control your risk.
Try out our services here at Elliott Wave Forecast for free for 14 days to see how Elliott Wave can help you be more successful with trading.
See link for full blog details: elliottwave-forecast.com
TDOC BULLUSH TO NEW HIGHS BUY ON THE DIPS, target is new highs in the coming weeks. Take advantage of the upswing.
Teladoc Health has enormous potential growth $tdoc
COVID19 has been a obvious stimulant for the stock and emphasizes the potential the company has for future growth.
Possible entry level $127
Target price $144
Stop loss $119
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU
Teladcoc Long into earnings $TDOC
The Coronavirus outbreak worldwide has reinforced the bullish sentiment on TDOC.
Short interest is very high at 28%
Although the stock has had a very bullish rise in 2019-20 we believe it could go much higher
Company profile
Teladoc Health, Inc. engages in the provision of telehealthcare services using a technology platform via mobile devices, the Internet, video and phone. Its portfolio of services and solutions covers medical subspecialties from non-urgent, episodic needs like flu and upper respiratory infections, to chronic, complicated medical conditions like cancer and congestive heart failure. The company was founded on June 13, 2002 by George Byron Brooks and is headquartered in Purchase, NY.
$TDOC looking exhausted- bearish divergence On the daily candles, $TDOC appears to show signs of exhaustion after a great run this past month. The bearish divergence combined with the Stoch-RSI crossing, lower volume (as well as the MACD looking like a cross as well), all indicate a possible reversal may be in cards for this hot stock.
TDOC - on a tear!I have been sharing ideas about TDOC for a few months now since the stock was in the 60's and the it just keeps on impressing. It has taken the old highs of 89.05 and has pushed the $100 mark exceeding my $101 rally target. Looks like a pullback to the breakout area will be necessary for the next push up. Having said that growth and momentum are on a tear and this could still push higher despite some overbought conditions. Adding on pullback to breakout.
Teladoc Weekly Target Entry level $101.
Target price $122.
Stop loss $94.00
Short interest 37%
Teladoc Health, Inc. engages in the provision of telehealthcare services using a technology platform via mobile devices, the Internet, video and phone. Its portfolio of services and solutions covers medical subspecialties from non-urgent, episodic needs like flu and upper respiratory infections, to chronic, complicated medical conditions like cancer and congestive heart failure. The company was founded on June 13, 2002 by George Byron Brooks and is headquartered in Purchase, NY.
TDOCTDOC is gearing up for a breakout IMO and I expect it to runnnnnnn! They are in a huge growth business and UNH is offering TDOC to their millions of members as of a few months ago. TDOC offers telemedicine services which employers are promoting like mad to their employees as a way to offer a $49 alternative to the ER or Urgent Care because many people use the ER for non-emergent reasons and costs $1400 on average. I'm extremely bullish long term on TDOC and their competitors.
TDOC - Revisited (again)So TDOC had a beautiful breakout on huge volume out of the ascending channel as expected (followers had another chance in the low 60s). It has started to consolidate between $76-$82. It was up $4 yesterday on decent volume. I believe this breakout is for real. Looks a little overbought right now and I suspect it will come test the breakout area around $73-$74. I think this one makes a new high in 2020. Smart business plan and great execution. Virtual doctor visits are the wave of the future.
$TDOC Teladoc blows past long term resistance. $70 has finally broken and a 10% move today has forced the very high short interest (36%) to cover their positions.
If the move was missed, it is wise to wait for the previous resistance to be back tested as support, this is healthy and very bullish when complete.
Don't be the last one to the party today.
This is a thriving sector that deserves a portion of any portfolio.
Teladoc CEO opening statement
"With positive momentum coming out of the third quarter and good visibility into the fourth quarter, we're raising our revenue and visit guidance for the full year 2019. While Mala will delve into the specifics of the quarter shortly, I wanted to spend a few minutes highlighting the strong execution that underscores the quarter's momentum and serves as the foundation for long-term growth.
In the third quarter we saw the greatest population expansion in the company's history as more than 17 million people gained access to Teladoc. This significant increase was driven by our entrenched distribution footprint across channels, in particular, the accelerated momentum and health plans. The largest population on-boarded was UnitedHealthcare's 15 million commercial members. This marks the first and only fully integrated virtual care offering within the UHC experience as highlighted by their recent press release."
Company profile
Teladoc Health, Inc. engages in the provision of telehealthcare services using a technology platform via mobile devices, the Internet, video and phone. Its portfolio of services and solutions covers medical subspecialties from non-urgent, episodic needs like flu and upper respiratory infections, to chronic, complicated medical conditions like cancer and congestive heart failure. The company was founded on June 13, 2002 by George Byron Brooks and is headquartered in Purchase, NY.
TDOC - revisitedStill looking good. Was on sale for a little while since my last post but we knew it would want to test the $60 level one more time. I think this is really close to a break out. Indicators solid and price action encouraging.
Comeback coming up$TDOC is showing a comeback and I'm looking to go long again. Broke out over $72 resistance, 50-day EMA crossed over 200-day EMA. I'd watch the MACD and the RSI because they are showing short-term bearish signals. I'd wait a few days to see how the price acts.
TDOC - Follow-upLooks like it wants to test that support line. Amazon foray into space sent stock down. Watchlist item for sure! Virtual doctor's visits sounds about right!
Shorts getting squeezed in Teladoc HealthHuge short interest of 34%
Sentiment has turned positive on healthcare
Analysts commentary bullish.
Huge Volume.
Breakout imminent from ascending triangle.
Company profile
Teladoc Health, Inc. engages in the provision of telehealthcare services using a technology platform via mobile devices, the Internet, video and phone. Its portfolio of services and solutions covers medical subspecialties from non-urgent, episodic needs like flu and upper respiratory infections, to chronic, complicated medical conditions like cancer and congestive heart failure. The company was founded on June 13, 2002 by George Byron Brooks and is headquartered in Purchase, N
Teladoc Health rallies on UnitedHealth partnership.AVERAGE ANALYSTS PRICE TARGET $82
AVERAGE ANALYSTS RECOMMENDATION BUY
SHORT INTEREST 33%
COMPANY PROFILE
Teladoc Health, Inc. engages in the provision of telehealthcare services using a technology platform via mobile devices, the Internet, video and phone. Its portfolio of services and solutions covers medical subspecialties from non-urgent, episodic needs like flu and upper respiratory infections, to chronic, complicated medical conditions like cancer and congestive heart failure. The company was founded on June 13, 2002 by George Byron Brooks and is headquartered in Purchase, NY.
TELADOC (TeleHealth)TDOC with great technicals.
RSI(10) @60 reaching higher
OBV on higher highs
ADX(14) @24
DI+ > DI -
