Bouncing off 200 day moving average which is long term support
The entire group is taking a break now SAAS stocks are all down OKTA TWLO ZEN NOW and TTD
But as a group they are meeting and beating their earnings estimates.
TTD beat and guided higher while posting a 41% increase in sales as they usually do.
I think the weakness is a short term move from growth to Value by the big $$ factor players.
Its a little worrisome that the trend line was broken but I see this as a buy.
But as a group they are meeting and beating their earnings estimates.
TTD beat and guided higher while posting a 41% increase in sales as they usually do.
I think the weakness is a short term move from growth to Value by the big $$ factor players.
Its a little worrisome that the trend line was broken but I see this as a buy.
Trade closed: stop reached
broke 200 day support so sold
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.