TDOC waiting at 500 MA
So TDOC has hit close to my 140s target by May earnings. But, I wasn't very happy about the way the right shoulder got formed. It just wasn't convincing enough.
I now consider the idea of TDOC sitting at the 500 Day Moving Average. The last time TDOC re tested the 500MA was in December 2018, after which we saw a 65% jump.
If a similar pattern follows, I think TDOC could be re testing close to 240$ again before next earnings. This would also complete the right shoulder.
I would just watch carefully for wider market pressure in the late May to early July period.
Good luck!
I now consider the idea of TDOC sitting at the 500 Day Moving Average. The last time TDOC re tested the 500MA was in December 2018, after which we saw a 65% jump.
If a similar pattern follows, I think TDOC could be re testing close to 240$ again before next earnings. This would also complete the right shoulder.
I would just watch carefully for wider market pressure in the late May to early July period.
Good luck!
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.