Teladoc Health, Inc.
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TDOC Breakout Trade, with Trigger and Stop

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After the acquisition of LVGO, TDOC has traded sideways, creating a 6 month base. During that time TDOC has increased its institutional holders to 44 funds. Technically, the chart is showing an inverted head and shoulders base beakout, a trendline break, and consolidating below supply between 225-240. Above 240, TDOC can break upward to 300 with an upward target of 500. The chart is similar to ROKU's pre-breakout, which I also posted. (see related ideas). The stop would be a break below the downtrend, at 215.

Nota
TDOC triggered Wednesday break above supply on volume, inside day Thursday, continuation to all time highs Friday 1/22

Penafian

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