On the positive side, TTD is now trading on the long term trendline, which coincides with the .786 fib retracement level. Also, the Stochastic is in oversold territory and curling up.
On the negative side, however, the MACD still has a lot of room to go down and TTD is below the three main moving averages on the daily: 14-ema, 21-ema, and 50-ema. The 14-ema seems to be crossing over the 21-ema, which is also a bearish sign (this could be reverted rather quickly though if TTD sees a move up the next few days).
Detailed view:
Hopefully the price will hold and start moving up.
I already have a position on TTD. I am not buying at this level. If the price holds and confirms a move up I may add to my position. If the price breaks below the trendline I will look for other support levels to add more.
***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
On the negative side, however, the MACD still has a lot of room to go down and TTD is below the three main moving averages on the daily: 14-ema, 21-ema, and 50-ema. The 14-ema seems to be crossing over the 21-ema, which is also a bearish sign (this could be reverted rather quickly though if TTD sees a move up the next few days).
Detailed view:
Hopefully the price will hold and start moving up.
I already have a position on TTD. I am not buying at this level. If the price holds and confirms a move up I may add to my position. If the price breaks below the trendline I will look for other support levels to add more.
***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
Comment:
TTD is bravely holding above the trendline. Currently finding resistance on the 50-ema. MACD and RSI are starting to curl up. I bought some more TTD earlier today. if it re-tests the trendline I will buy again and place a tight stop loss right underneath the trendline. A break and close below the trendline would be very bearish.
Comment:
Comment: TTD opened below the trendline today. Although the move is probably fueled by Democrats swinging the senate in Georgia (which brought a handful of tech stocks down), this is not what you want to see. Hoping TTD pushes up above the trendline before the end of the day. At the moment, it doesn't look too promising:
Trade closed manually:
I closed my position yesterday just before the market closed. I will consider adding more shares if TTD manages to move back up into the trendline and indicators and MAs show some bullish action.