$Teladoc Health (TDOC.US)$ I'm a swing trader that always look for traps. Here is a nice recent example on TDOC .
The trade is open. I like that it completes the whole trapping process and everything happened at a major longer term support+fib level. It's still not a perfect trap because: the moving averages are pushing down and it's in a down trend for quite a while, and the volume profile could have looked better. But what happens right here already warrants a trade. Doesn't have to win all the time. We trade probability and bulls have a very short-term edge here. The trade is open.
The trade is open. I like that it completes the whole trapping process and everything happened at a major longer term support+fib level. It's still not a perfect trap because: the moving averages are pushing down and it's in a down trend for quite a while, and the volume profile could have looked better. But what happens right here already warrants a trade. Doesn't have to win all the time. We trade probability and bulls have a very short-term edge here. The trade is open.
7
$Microvision (MVIS.US)$ MVIS is at a special point. 9.74 holds and she moves north for easy money. Currently a falling wedge with a break out or further continuation possible to the downside. Volume is gone, waiting till monday morning to see if the buyers step up. Easy swing back to 12.5 from this level or wise a longer 2 month swing back to the 11.5 range if this falls lower than 9.74.
1