Teladoc emerging from a 3 year downtrend
Teladoc (TDOC) Trade Idea 📈
I'm seeing a potential breakout from a 3-year downtrend, and the chart on the Daily Timeframe is forming a classic Cup and Handle pattern. If the pattern plays out, it suggests a bullish continuation, and we could see a significant move to the upside.
Targeting a potential 50% increase, which aligns with the projected pattern measurement. This setup offers a favorable risk-to-reward ratio for long positions. 🚀
Key Levels to Watch:
Support: $9.19
Resistance: $22.32
Target 1: $14.29
Final Target: $20.15
Let’s watch to see if the breakout picks up steam! Keep it simple and trade wisely.
I'm seeing a potential breakout from a 3-year downtrend, and the chart on the Daily Timeframe is forming a classic Cup and Handle pattern. If the pattern plays out, it suggests a bullish continuation, and we could see a significant move to the upside.
Targeting a potential 50% increase, which aligns with the projected pattern measurement. This setup offers a favorable risk-to-reward ratio for long positions. 🚀
Key Levels to Watch:
Support: $9.19
Resistance: $22.32
Target 1: $14.29
Final Target: $20.15
Let’s watch to see if the breakout picks up steam! Keep it simple and trade wisely.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.