TDOC Teledoc Health Weekly Chart; Oversold; Falling Wedge; Positive Divergence; Tight Bands

Hey doc, can you take a look at this mole on my back? Instead of Keystone asking that question at dinner parties, he can now use the new technology of telemedicine. TDOC was a hot stock but has been crushed into oblivion. Teledoc was taken to the shed out back and beaten mercilessly. It was ridden hard and put away wet. The drop from 300 to 28 is a -91% crash in less than 2 years. Wow. Any long trader that bot into TDOC to begin 2021 has lost it all and is standing in a loin cloth.

Is there any hope? Sure. The oversold conditions, falling wedge and positive divergence (green lines) all say up on the weekly basis. Price got down to 28 but not quite to the lower band at 27 so that is still on the table as a possibility. Note the tight bands. No, not a tight band like Counting Crows singing Daylight Fading, but instead tight standard deviation bands.

Bands that are squeezing in tight tell you a big move is coming fast. On a weekly chart, that is going to mean a big move for a few weeks. The problem is that the tight bands do not tell you direction they only tell you it will be a big move. The tight bands to begin 2021 resulted in a multi-week rally (followed by disaster). The tight bands in late 2021 resulted in an epic collapse. What will this tight band squeeze produce? It is like squeezing a tube of toothpaste and the lid pops open. The stuff will fly out crazily but who knows what direction it goes?

The possie d says up on the weekly basis. Every long stock is beaten to a pulp over the last couple weeks. A relief rally is overdue. Keystone bot some TDOC (long) a few minutes ago and will add going forward looking for the possie d to kick in on the weekly basis. Remember, Keystone's trades are usually big risks, big rewards; that is what a speculator does. If TDOC begins falling apart (on a weekly basis) where a downward squeeze is likely happening, the trade will have to be ditched. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added 6:44 PM EST: US stocks sell off again. TDOC finishes at 27.96, call it 28, with a LOD at 27.43.

Note Added Saturday Morning, 9/24/22: TDOC is hit like other stocks in the mini-crash this week but ends the week at 26.97, call it 27.