Tdoc playing out beautifully to my previous analysis (linked below - includes my fundamental analysis)
Where are we now? Great opportunity to be accumulating here. This train is loading up for a move upstate.
Head and shoulder? once we hit 235, I will watch carefully. My personal strategy is sell half the position and add a stop on the remaining just around $208. If TDOC fails that bounce I'd be worrying about another deeper dip coming. Fundamentally, May is around the time many expect economy to reopen. Once that happens, Tdoc may take an initial hit as a "stay-at-home" stock perception.
In the short term though, bullish move up incoming.
Good luck!
Where are we now? Great opportunity to be accumulating here. This train is loading up for a move upstate.
Head and shoulder? once we hit 235, I will watch carefully. My personal strategy is sell half the position and add a stop on the remaining just around $208. If TDOC fails that bounce I'd be worrying about another deeper dip coming. Fundamentally, May is around the time many expect economy to reopen. Once that happens, Tdoc may take an initial hit as a "stay-at-home" stock perception.
In the short term though, bullish move up incoming.
Good luck!
