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sinkswimortrade

Clear Opportunity to short an extremely overvalued Stock

Short
The Trade Desk, Inc. (NASDAQ:TTD)  
sinkswimortrade Updated   
NASDAQ:TTD   The Trade Desk, Inc.
Moving Averages Oscillators Support and Resistance
3
0
movingaverage oscillator supportandresistance
MACD has just crossed and reversed on the day chart. Stochastics also reveal in overbought conditions. Movement is to the downside now. Expect it to drop to around $180-$200 range near the 200 day moving average. Stock is extremely overpriced at more than 100x PE
Trade active:
Initiated position yesterday at $242
Trade active:
will be monitoring closely as it approaches the 50-day MA support
Trade closed manually:
Closed at $230 when it rebounded off the 50day EMA ($225)
Comment:
may switch to Buy call instead
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