TTD Hard to ignore this candleI posted a chart with a couple of zones to watch on a pull back last week. Price absolutely blew through my first level and stopped me out and then flushed my second level and came back up. TTD had a 100 pt daily range on Friday. I will be watching to see if there is any follow through tomorrow on Friday's move. It very important to wait for confirmation with a move above Friday's high. The massive rally on Friday could have been fueled by shorts covering as their targets were hit down near the 200 sma. Worth watching tomorrow for sure. My targets on a long would be 690/700/720.
TT8 trade ideas
Diamond Top I have just started studying this pattern as there have been quite a few recently..enough to make me stop and study it. So far I have found they are almost always bearish and often end up forming a Head and Shoulders pattern. But then again, there have been a lot of ugly tops recently. Some tops are just "ugly" and can not be classified )o:
There is a gap up below price..price is hanging there right now. A gap up can offer strong support at the top of the gap. If it holds, TTD may bounce off and go up again. If not......
No recommendation
I measured the fall of a diamond top, IF it happens, by moving the line drawn from the top to the bottom structure trendline protruding downward. If this is indeed a head and shoulders pattern, you can draw a line from the head to the neckline, then project it downward to get a ball park estimate of the possible move down. A H&S pattern would take the target down to 450ish and possibly lower depending on market conditions.
As you can tell, lol, I do not particularly like the label head and shoulders too much because we have been in a bull market ever since I started trading (O:
TTD low cheat breakout (Mark Minervini VCP)Buying 10% position in TTD here. Breaking out of "low cheat" pattern per Mark Minervini investing style (See his book "Think & Trade like a Champion"). This is an early entry that indicates the stock should breakout it's typical pivot point.
Volume on the breakout today is already over 400%!!
Stop loss around 8%
20-25% profit taking target.
$TTDEntry price : 866.37
Fundamentals :
- Sector: Business services - Advertising
- EPS % Chg (Last Qtr): 110%
- EPS % Chg (Previous Qtr): -10%
- 3 Year EPS Growth Rate: 50%
- EPS Est % Chg (Current Yr): 35%
- Sales % Chg (Last Qtr): 32%
- Sales % Chg (Previous Qtr): -13%
- 3-Year Sales Growth Rate: 40%
- Annual Pre -Tax Margin: 30%
$TTD Reversal before the runI think i am hoping that this big tech media company follows it's history. see the previous divergence of RSI down + Price going up indicating bear action. then it kicked it higher after the consolidation...here's to its run to 1000 this year ....but this market is volatile, it could freefall as anything can go down.
Does anyone know details on the application of pitchforks?