The Trade Desk, Inc.Short
Clear Opportunity to short an extremely overvalued Stock
Updated
MACD has just crossed and reversed on the day chart. Stochastics also reveal in overbought conditions. Movement is to the downside now. Expect it to drop to around $180-$200 range near the 200 day moving average. Stock is extremely overpriced at more than 100x PE
Trade active
Initiated position yesterday at $242Trade active
will be monitoring closely as it approaches the 50-day MA supportTrade closed manually
Closed at $230 when it rebounded off the 50day EMA ($225)Note
may switch to Buy call instead
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