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Todays Big Stock Wealthpop News

1 Stock Creating A Roadmap For Options Traders


We have talked many times about how we like to keep our trading strategies as simple as possible to give my students, regardless of level of skill or experience, the best possible chance at putting on a winning trade. Our trade on watch today is a great example of that.

Some setups or charts make it pretty easy for you to determine which levels you should be paying attention to and as you’ll see in my video breakdown below, this setup would be really hard to miss. Let’s make sure we don’t miss it!

Teladoc (TDOC) is trading within a clear range between $22.50 and $35, which provides clear setups for the swing trader, which is more or less a perfect fit for our strategy. This range gives us the roadmap we need in order to plan our high probability trades. As you can see, the price has respected this channel for quite sometime. This means you should be able to reliably trade these levels with a fairly high level of confidence.

Furthermore, not only can you better make decisions for inside this channel, you can also prepare yourself for the eventual breaking of the upper or lower range of the channel for a break out trade. Keep this stock on your watchlist and set alerts, so you do no miss any new developments in this trend, these are setups you do not see all the time.

For more about my favorite stocks, setups, and strategies, join my students and I in The Profit Machine. Every week, you will get exclusive access to all things option trading, from the stocks I trade the most, and the setups I look for when trading. The best part, you’ll receive all my trades every step of the learning process, so not only will you get a world-class education, but you’ll also earn while you learn.

Get a jump start on your options education and put yourself in position to win in 2023. Sign up today! Until then…

Good Luck With Your Trading!

Christian Tharp, CMT

Christian Tharp

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

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