TDOC trade ideas
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.
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!