Don't catch the falling knife

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From a macro perspective you can see it's playing around the 2.05$ support level and coming up on the 200 EMA. Will need to watch closely next week to see if it bounces back or dips below and goes bearish.


快照

From a micro perspective it heavily looks like a falling knife. With the March 5th crash it dipped then recovered, but currently continues to fall. It's also fallen below the EMA and the support level here. Without any news catalysts, I'm expecting it to continue to fall and test the 1.85$ support. Might start nibbling there. If it bounces off we're looking good, if it keeps falling it could likely keep falling until either news or how the next earnings report goes on May 17th.

Going to keep a close eye on this one in the following weeks, still am bullish on this company and telehealth long term however with the flimsy financials and insider sell-offs public sentiment is not on DOC's side right now. Be careful with this one and don't cut your hands trying to catch the knife! Wait for a solid bottom out.

This is my first posted analysis so any feedback or other perspectives is welcome.
Fundamental AnalysisMoving AveragesSupport and Resistance

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