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.
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.
Just an update...
Going for a trend break once again...
Lots of green grass ahead if it can: