TDOC Big move coming going into Earnings

15 באפר׳ 2021

TDOC looking good for a long setup going into earnings. ER is on 5/4. TDOC has been beaten down the past earnings but technicals are showing upside potential. We also have gaps above. Looking for a break through that 213 level (200 SMA) and push through earnings.

Setups: Squeezing on the daily timeframe and we're on the 4th wave of the wolf wave pattern.

Contract Suggestion: Spreads are really nasty, this is the only option chain date that I found fairly decent.

TDOC 5/21 240C @ 1.75 (Long swings -safer play)