Follow up on The Trade Desk Interesting development, dove past the original $54.75 support and bounced off the new $45.89 support. Will be watching next couple of weeks, if it bounces of twice and breaks through I may reenter.
TTD trade ideas
TRADE DESK (TTD) BUY BUY BUYI couldn't have asked for a better setup. We are in a GREAT buy zone (between 2 green dashes) and WITH A BREAK of orange trend line, my oh my. We are going to be flying. A fundamentally sound growth company like this... what more could you ask for!?
QUESTIONS WELCOMED BELOW. I WILL KEEP UPDATING THIS TRADE AS IT PLAYS OUT!
First Resistance and support Chart Every time TTD beats earnings it seems to immediately break, resistance and bounce off support a couple times. This recent earnings brought unprecedenteded growth and is identical to the earnings beat on may 11th. If it follows the same trend it will drop to lows that were established the day of earnings. Then rise higher then on earnings and form resistance there and continue to bounce off support until it breaks out once again.
TTDAt the level @ 60, static resistance.
Enter if price hold above @60.10$
Stop: 58.90$
Take profit 1: 62$
Take profit 2: 63$
TTD-Good continuation moveTTD moved to a new closing high on Friday. The main trailing stop remains at 53.55.
TTDThe previous attempt to open the position failed. It happens, it's a market. But after a good correction, I think the stock is ready to grow. I will buy after the breakup of the price of $ 39.5$, provided that the volume will be good
TTDFormed a good pattern to buy. The recent IPO of information technology can grows as well, given that the float is very small
TTD - Flag formation Momentum trade from $40.13 TTD had a very good run recently & now seems forming a flag formation. We are looking for a pullback to get in to the trade & would hold it updating the stoploss behind the trade.
* Trade Criteria *
Date First Found- February 28, 2017
Pattern/Why- Flag setup (Possible Day Trade)
Entry Target Criteria- Pull back to $40.13
Exit Target Criteria- Momentum
Stop Loss Criteria- $36.93
Please check back for Trade updates. (Note: Trade update is little delayed here.)
