Disclaimer: I don't own shares of TDOC . This is not a trading or investment recommendation but a demonstration of how the concept of hidden divergence works. Hidden divergence similar to hidden bullish divergence is usually considered as an extension signal of the current trend. TDOC like most small cap stocks in the biotech sector has been brutally hit,...
Disclaimer: I don't own shares of TDOC. This is not a trading or investment recommendation but a demonstration of how the concept of hidden divergence works. Hidden divergence similar to hidden bullish divergence is usually considered as an extension signal of the current trend. TDOC like most small cap stocks in the biotech sector has been brutally hit,...
Assuming that TDOC completed cycle I during the February high last year, it is hovering around .786 retracement point. Likewise, drawing a W-X-Y fall, right now we are running the C wave within Y.
My chart tells me that there is a buy opportunity on TDOC. From current levels, it is likely to reach first target of 200. With an SL of $8 one can buy 120 quanity capping SL to under $1000 and with potential to make $1200 on first target and $210-214 second target and $230-235 as third target. Idea for my reference.
Teladoc (TDOC) is the perfect example of how this next-gen theme is already making an impact. The company was founded in 2002 with a goal of tackling healthcare’s three biggest issues: access, cost and quality. Today, it’s the leading provider of telehealth medical visits in the country. TDOC boasts being able to put you in contact with a licensed doctor in under...