TT8 trade ideas
TTD7.20.20 TTD Taking a follow up look at this bullish market that corrected over 60 points lower and how we could evaluate the transition, and know where the buyers and sellers are, and manage a trade. I explained how a long trader could manage a 60 point correction using scaling techniques and neutralize and even make some money. Discussed risk advantages for the buyer vs the seller.
HAS TTD RUN OUT OF GAS? TOP IMMINENT!TTD (The Trade Desk) based on fibonacci & elliot wave theory.
TTD can perhaps run a little bit more, although I expect a top to come sooner than later. TTD may retrace a little to get to that top, but either way I see a major crash coming soon to test major supports suggested by fibonacci and elliot waves.
TTD BLUE SKY BREAKOUT to SLINGSHOTTTD went through a 10 day consolidation after breaking out from 316 to 370.
Currently set up for a potential slingshot to hit 400. Price is looking strong holding its footing above the
10 day EMA.
Fundamentals are showing accelerating revenues and expanding margins due to its resilience to the pandemic
and mostly benefiting from the shift to work from home and e-commerce. One of the few high growth stocks
that's taking a slice of Facebook and Google market share in advertising. With revenue growth of 37% YoY and
top margins of 76% compared to sector median of 7.24%, this is definitely one for the long haul.
Let me know your thoughts and best of luck on your trades.