TDOC Bottoming Tail W/ Sign Of Trend Reversal
Here is a view of the TDOC chart on the daily time frame.
What we see here in is a clear downtrend in the stock TDOC.
If you take a look at yesterday's price action it was higher than normal volume with an initial flush down.
After the initial sell off TDOC had a great reversal and went positive on the day putting in what is known as a bottoming tail.
The bottoming tail with high volume now indicates that the downtrend has bottomed out and an uptrend should be beginning.
If the bottoming tail gets taken out then the bottoming tail would be negated and the down trend will most likely continue.
What do you see in this chart?
What we see here in is a clear downtrend in the stock TDOC.
If you take a look at yesterday's price action it was higher than normal volume with an initial flush down.
After the initial sell off TDOC had a great reversal and went positive on the day putting in what is known as a bottoming tail.
The bottoming tail with high volume now indicates that the downtrend has bottomed out and an uptrend should be beginning.
If the bottoming tail gets taken out then the bottoming tail would be negated and the down trend will most likely continue.
What do you see in this chart?
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