TTD
TTD : EXPANSION BREAKOUTTTD broke out on earnings with strong price action supported by >300% volume compared to its 50-day trailing average.
Earnings Summary:
Revenues rose nearly 32% year-over-year, and headline net income more than doubled, to $41.2M.
Adjusted EBITDA rose to $77.2M from $47.8M (margin to 36% from 29%), and non-GAAP net income jumped to $62.7M from a year-ago $36.1M.
As a result of "several years of advertising disruption and innovation compressed into a few months," advertisers have "become more deliberate and data-driven with every advertising dollar," says CEO Jeff Green.
"As advertisers come under pressure to prove the ROI of their campaigns, to take advantage of the mass consumer shift to streaming TV, and to consider alternatives to user-generated content, our investments in these areas are paying off," Green continues.
In channel highlights, the company noted connected TV grew over 100% Y/Y; mobile video spend grew about 70%; and audio spend grew about 70%.
Customer retention stayed over 95% as it has for five years.
"Assuming that the economy continues to recover" and absent any major COVID-19 setbacks, it's guiding to Q4 revenues of $287M-$291M (well above consensus for $255.1M), and adjusted EBITDA of at least $115M.
$TTD´s relaunchSeptember has been cruel to the markets. Nevertheless, the impulse is starting once again. TTD has stepped over an old support, later used as a resistance and can now provide a stable support once more.
Its RSI is increasing rapidly and the MACD line has crossed the Signal line below the 0, indicating the momentum is starting and with pure strength.
TTD - 14.3% Potential Profit - Uptrend Corridor+Bullish PennantClear uptrend corridor with Support and Resistance confirmed multiple times over the past 4 months.
Bullish pennant formed within.
Short term swing trade that I would close before earnings on 6th August.
- Historical uptrend
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $449.5
Suggested Stop Loss $441.25
Target price $525
TTD ADSK7.9.20 TTD ADSK In this video I discussed more market dynamics in both of these equities. TTD is definitely a bullish market that is making new highs and has no structured that suggest resistance because there is no resistance based on the past and this has certain challenges to it. There are certain details that might be of interest, things we can look for, not as an absolute commitment that they will happen, but we have a chance to analyze previous behavior and what future behavior might look like. I will follow up on this chart regardless of what happens after today. ADSK similarly has made all-time highs and has no resisting structure, but it does have behavior from the past which is very important to recognize in my opinion, and if you had recognizes behavior you have a way of interpreting the market and taking advantage of this market when it was trading around structure, and for that reason it's worth looking at ADSK. I did not have time to talk about the current transitions in ADSK which actually give us some information that we can work with, but I will address this on a future video.
The Trade Desk Offers a Clean PlayHere is a gem I discovered over the last few days. The Trade Desk, Inc. Let's check out two charts I am focusing on.
Clean Patters Win...Most of the Time
Below you'll see the daily chart of TTD. Notice the one month long consolidation just below new all-time highs. The consolidation is developing into a gorgeous bull flag set up. Volume confirms, as it is for the most part declining as well (not shown).
If you were not convinced of the classical pattern identified above. See the Elliott wave count below. The move off the low has been obviously impulsive. TTD is now considered to be within a 4th wave correction. This should provide us with confidence entering this trade as there is a higher probability of breaking out for one more impulse.
TTD is a high probability trade. Given that its breakout would coincide with a breakout to all-time highs could also provide us with further upside as price discovery ensues. Bias: Bullish .