TDOC - 11.24% Potential Profit - Ascending Triangle

Panjang

Teladoc Health, Inc. (NYSE:TDOC)

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NYSE:TDOC Teladoc Health, Inc.

trendanalysis chartpattern indicator swingtrading swingtradingsetup tradingsetup tradeoftheday tdoc tdoclong

Clear Uptrend Corridor with Support and Resistance confirmed multiple times over the past 2 months. Ascending Triangle formed within, breaking through consolidation.

I would place a limit entry order to confirm the new support.

- Historical uptrend
- RSI + Stoch well above 50
- MACD above Signal.

Suggested Entry $238.65
Suggested Stop Loss $232.37
Target price $265

Komen:

Trade closed for a 7.03% profit

Dagangan ditutup: sasaran tercapai:

4.53% profit.

(Apologies, ignore the comment above this, wrong input)

Komen:

Looking at how the price action evolved, will make you realize the importance of locking profits early.

You will miss out on some great bull runs, sure. But you will also preserve your capital from dropping 20%+ with single trade like this.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.