Teledoc is setting up for a meteoric rise
The technicals look good
We could see another small move lower but I don't think that will change the thesis
Fundamentally, healthcare tends to rise in bear markets (yes we are in a bear market. in fact we are currently in a bear market rally- see related ideas) as consumers focus more on things that matter (e,g, healthcare, consumer staples, etc)
Additionally, consumers and doctors are continually looking for easier and more efficient ways to engage each other
LONG Teledoc
The technicals look good
We could see another small move lower but I don't think that will change the thesis
Fundamentally, healthcare tends to rise in bear markets (yes we are in a bear market. in fact we are currently in a bear market rally- see related ideas) as consumers focus more on things that matter (e,g, healthcare, consumer staples, etc)
Additionally, consumers and doctors are continually looking for easier and more efficient ways to engage each other
LONG Teledoc
