TTD Ascending Channel$TTD has been a real winner over the last few years. The company is firing on all cylinders and earnings have reflected that. The company offers a software platform used by digital ad buyers to purchase data-driven digital advertising campaigns across various ad formats and devices. And, their fast growing segment is connected TV (CTV) which is still very much in the early innings.
Let's see how it holds up given the overall current market conditions. If it does breakdown out of the channel, it could easily get back to around $180, where we've seen good support a few times over the last year.
1TTD trade ideas
The Trade Desk resistance levels | Targets to watch $ttd
Earnings highlights
The Trade Desk (NASDAQ:TTD) is rebounding somewhat from today's drop, up 4.8% in immediate postmarket action, after it solidly beat expectations with its Q4 earnings.
Quarterly total platform spend topped $1B for the first time, capping a record spend for 2019 of $3.1B.
Revenues grew 34.5% for the quarter, to $215.9M (and helped drive full-year 39% growth to $661M).
Net income jumped to $50.9M from $39.4M on a GAAP basis. Non-GAAP net income rose to $71.6M from $51.1M.
EBITDA rose to $83.5M from $67.1M.
Omnichannel solutions were a strategic focus, the company says. In channel spend highlights (full 2019 compared to 2018): Connected TV grew about 137%; Audio grew more than 185%; Mobile video grew more than 50%; Mobile in-app grew more than 67%.
For Q1, it's targeting revenue of $169M (above consensus for $160M) and EBITDA of $35M. For the full year, it's targeting total gross spend of at least $4.24B; revenue of $863M (above an expected $860.8M); and EBITDA of $259M.
Company profile
The Trade Desk, Inc. is a technology company, which engages in the provision of technology platform for advertising buyers. Its products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces. The company was founded by Jeffrey Terry Green and David Pickles in November 2009 and is headquartered in Ventura, CA.
Seems to obvious...TTD is painting such a strong cup and handle breakout pattern here that it feels like one of those trades EVERYONE sees, which brings the skeptical contrarian in myself to the table...
None the less the setup is looking beautiful. Currently a short term pull back at new highs, the sell-off yesterday was bought up during the day. Volume has been lower during the consolidation period vs the previous impulse higher. Per "rule" I'd expect once TTD breaks out out over 290, it could sale up to around $400.
Threw in the rising wedge formation though...typically a more bearish pattern, and something to be aware if there is either
1. A breakdown below it could see price find support around 258 or 232 near the 200 MA.
2. A breakout and then potential retest of the break before moving higher based off the wedge.
TTD Ichimoku StrategyTTD Ichimoku Strategy
2020-1-12
Prediction:
1-2 days --> consolidation and/or a weak bearish trend.
3-5 days --> breakout (the price will stabilize around $305-310.
Ichimoku strategy:
1 - the conversion line (blue) is above the base (red) line.
2 - the price and conversion/base lines are above the green cloud.
3 - for the next couple of days the green cloud is present.
4 - the lagging line (green) is above the price.
We'll see.
TTD - Breakout WatchI'm waiting for TTD to come back in or provide a STRONG candle to the upside of the blue horizontal lines. I will hold as long as the green TL is holding :)
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TTD Long if market pumpsI thought the fed funding ended in 2019 but luckily, I was better informed by someone that read the news better
"The Fed has thrown $255.6 billion into the funding market through early January to ensure the financial system operates smoothly over the choppy year-end period. It will continue pumping tens of billions a day into the repo market through the end of January at least, including up to another $185 billion in one-day and term deals on Thursday, when the market kicks off the new year."
With that in mind, we could see a huge pump from TTD if market moves up too. However, it really could go big in either direction.
Entry $260-262
Stoploss -$5 from entry
Exit $5-10 from entry
Sources:
thanks to Makahai Kevin
www.reuters.com
$TTD Trade The Trade DeskEntry level above resistance @ $290 = Target price $334 Stop loss $280
Short interest remains high at 15%
Company profile
The Trade Desk, Inc. is a technology company, which engages in the provision of technology platform for advertising buyers. Its products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces. The company was founded by Jeffrey Terry Green and David Pickles in November 2009 and is headquartered in Ventura, CA.
Awesome Return
TTD pulled all the way back to the 200 sma and bounced...was a perfect entry after having been close to ATH before the pullback. Now it's just below resistance, and if it breaks through it has about ten bucks before it hits anymore resistance, and then about ten more again (then the next stop isn't until ATH ). Also the relative strength is way up and institutional money is really flowing!