TTD: Still in bearish territory!The Trade Desk
Short Term - We look to Sell at 74.57 (stop at 87.61)
Sentiment remains negative despite the pull-back higher in prices. Current price action faces resistance at the 50% Fibonacci retracement level of the 113.95-39.91 move. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 40.47 and 30.00
Resistance: 74.50 / 90.00 / 115.00
Support: 40.00 / 30.00 / 15.50
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