NASDAQ:TTD   The Trade Desk, Inc.
Analysis done on 30 minute candles. TTD experienced a gap down on the market decline today, but the stock managed to rally all day and form a massive bullish engulfing pattern on the daily chart. The big move was supported by an overall market bounce, so going into tomorrow and next week you want to gauge the overall market health and direction if you intend to trade this chart. The first thing to pay attention to at open is their daily candle's position; today they managed to close above the 50 day MA, but closed just below the 100 day MA. The best case scenario on a bullish trade is they gap up to open above and hold the 100 day MA and move to 90.00-91.00. If they don't open above it then they're likely to decline to test 80.00 for support bounce. If they fail at 80.00 then they'll move to 75.00-76.00.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.