$TDOC - RC -
Added 2023-12-06 16:37:09 +0000 UTC$TDOC has been getting some attention here too, coupled with ARK buying up blocks lately.
We can see that the price is up over 20% too since finding support on the 1.27 Fib level.
The price has also broke above our blue line and moving in an impulse structure so I have added in an impulse 5 subwaves now.
The 200 Day MA is what I am watching for next for Subwave 3 to complete at $22.
I am in two minds as to why this has been recovering, maybe people are hedging against another potential virus scare or at these levels it is very attractive.
It could be a combination of both.....I have used Telehealth services this year and they are very convenient and competitive....I do believe it is the future.
Comments
I've charted TDOC and I think it has another 12 months+ of base building but after that it might be very attractive LT You could DCA a little here keep on radar I spose
TommyJR
2023-12-06 19:57:01 +0000 UTCVery true Ricky
Gareth Neary
2023-12-06 16:52:47 +0000 UTCOne potential reason it could be recovering: Digital health and Telehealth in general has a lot to do with building an underlying infrastructure to scale virtual care, which takes time and capital. TDOC took a beating post-Covid, but their go-to-market post Covid has been anchored around partnerships with larger Payers and Providers who don't have the capital or wherewithal to build + scale on their own.
Rushabh S
2023-12-06 16:46:29 +0000 UTC
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