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.
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