How to Benefit from Relocations (EDOC)

Longer term trading plans for EDOC

  • Buy EDOC just over 7.7, target 8.67 stop loss @ 7.68 Details
  • The technical summary data tells us to buy EDOC near 7.7 with an upside target of 8.67. This data also tells us to set a stop loss @ 7.68 to protect against excessive loss in case the stock starts moving against the trade. 7.7 is the first support level below 8.49, and as a rule any test of support is a buy signal. In this case, support 7.7 would be tested, so there would be a buy signal.

  • Short EDOC just under 8.67, target 7.7, stop loss @ 8.7 Details
  • The technical summary data suggests a shortfall in EDOC as it nears 8.67 with a downside target of 7.7. However, we should have a stop loss at 8.7. 8.67 is the first resistance level above 8.49, and as a rule any resistance test is a short signal. In this case, if resistance 8.67 is tested, a short signal would exist.

Swing trading plans for EDOC

  • Buy EDOC just over 8.74, target 9.63, Stop Loss @ 8.71 Details
  • If 8.74 starts to move higher, the technical summary data tells us to buy EDOC just above 8.74, with an upside target of 9.63. The data also tells us to set a stop loss @ 8.71 in case the stock turns against the trade. 8.74 is the first resistance level above 8.49, and as a rule, any break above resistance is a buy signal. In this case, the initial resistance at 8.74 would move higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

  • Short EDOC something near 8.74, target 8.43, Stop Loss @ 8.77. Details
  • The technical summary data suggests a shortfall on EDOC as it tests 8.74 with a downside target of 8.43. However, we should have a stop loss at 8.77 in case the stock starts moving against the trade. As a rule, each resistance test is a short signal. In this case, testing the resistance, 8.74, would produce a short signal. Because this plan is a short plan, based on a resistance test, it is called a Short Resistance Plan.

Day trading plans for EDOC

  • Buy EDOC just over 8.74, target 9.63, Stop Loss @ 8.72 Details
  • If 8.74 starts to move higher, the technical summary data tells us to buy EDOC just above 8.74, with an upside target of 9.63. The data also tells us to set a stop loss @ 8.72 in case the stock turns against the trade. 8.74 is the first resistance level above 8.49, and as a rule, any break above resistance is a buy signal. In this case, the initial resistance at 8.74 would move higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

  • Short EDOC something near 8.74, target 7.7, Stop Loss @ 8.76. Details
  • The technical summary data suggests a shortfall on EDOC as it tests 8.74 with a downside target of 7.7. However, we should have a stop loss at 8.76 in case the stock starts moving against the trade. As a rule, each resistance test is a short signal. In this case, testing the resistance, 8.74, would produce a short signal. Because this plan is a short plan, based on a resistance test, it is called a Short Resistance Plan.

Real-time updates are available on our Global (EDOC) Page here: EDOC.

EDOC ratings for April 21:







Term → Near Middle
Long
Judgement Weak Weak Weak
P1 0 0 7.7
P2 8.51 8.43 8.67
P3 0 8.74 9.63
Support and resistance plot diagram for EDOC

EDOC long-term analysis for April 21, 2024

Blue = Current price
Red= Resistance
Green = Support

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This Global (NASDAQ: EDOC) trading report includes analysis also used by some of the largest funds in the world. Take a close look at the technical takeaways.

Warning:

This is a static report. The data below was valid at the time of publication, but the support and resistance levels for EDOC change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules that apply to the data in this report are the rules of technical analysis. For example, if EDOC is testing support buying, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign that risk is under control or a short position exists, and support would be the downside target accordingly. In any case, the trigger point is designed to be both an ideal place to enter a position (to avoid trading in the middle of a trading channel), but also acts as a level of risk control.

Swing trades, day trades and longer term trading plans:

This data has been refined to distinguish Day Trading, Swing Trading and Long Term Investing plans for EDOC as well. These are all offered below the overview table.

Basic charts for EDOC: