6d ago in 馃挰 General
Trade Idea: TDOC Swing Trade
Grade: C
Entry Criteria: Price opens at or below $12.39.
Entry: Buy stop limit order for $12.40
Target 1: $13.02
Target 2: $13.64
Target 3: $14.26
Target 4: $14.88
Target 5: Trailing Stop
Hard Stop: 4 hour close below $11.10
Begin trailing stop loss after first target is hit.
Rationale: TDOC gapped up today after announcing a new AI enhanced virtual sitter system designed to improve patient safety, address workforce challenges, and enhance care delivery for hospitals and health systems. It recently broke and held above the 200 day moving average. Hedge funds and institutions have recently increased their stakes in the company as well.
Comments:
With this entry below around $11/share this is an executable trade for a smaller account and only needs to be checked on once or twice a day with a casual glance at the 4 hour char. To learn how to execute this trade with precision and how to size the trade accordingly, I highly recommend watching my free tutorial on how to trade this specific strategy.
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Trade Idea: TDOC Swing Trade
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