This is an update to an earlier post on TTD. TTD is nearing a support area with 3 different supports and will be interesting to watch. It is approaching the longer term up trend line. Just after that is the shorter term down trend line and under that still lays the 50 day SMA. I'm looking to go long on a confirmed up trend reversal off any of these areas. The first target I see is around $200. If it clears this area I expect to test all time highs.
Comments and input welcome.
Trade closed: target reached
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I closed this trade on Friday April 5 after it failed to rise after a big down day. Closed at $197.57