pool adsWhen the Price of Teladoc Health Inc $TDOC Talks, People Listen
This is not EF Hutton, but it could be more powerful. A picture speaks a thousand words, they say, and the price action of Teladoc Health Inc (NASDAQ: TDOC) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for TDOC can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Strong |
| P1 | 0 | 0 | 214.47 |
| P2 | 204.37 | 202.24 | 246.82 |
| P3 | 222.00 | 226.82 | 281.16 |
Support and Resistance Plot Chart for TDOC
Long Term Trading Plans for TDOC
March 2, 2021, 6:00 pm ET
The Technical Summary and Trading Plans for TDOC help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TDOC Report.
TDOC - (Long) Support Plan
The technical summary data tells us to buy TDOC near 214.47 with an upside target of 246.82. This data also tells us to set a stop loss @ 213.85 to protect against excessive loss in case the stock begins to move against the trade. 214.47 is the first level of support below 217.92 , and by rule, any test of support is a buy signal. In this case, support 214.47 would be being tested, so a buy signal would exist.
TDOC - (Short) Resistance Plan
The technical summary data is suggesting a short of TDOC as it gets near 246.82 with a downside target of 214.47. We should have a stop loss in place at 247.53though. 246.82 is the first level of resistance above 217.92, and by rule, any test of resistance is a short signal. In this case, if resistance 246.82 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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