🔍 Analysis:
Industry Resurgence: NASDAQ:TTD operates in the digital advertising sector, poised for growth in 2024.
Strong Forecasts: Q1 2024 forecasts predict a robust 25% year-over-year revenue increase.
Investment in Innovation: TTD's significant investment of $411 million in R&D in 2023 highlights its commitment to innovation.
💼 Trade Plan:
Entry: Consider...
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If you haven`t sold TTD ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of TTD The Trade Desk prior to the earnings report this week,
I would consider purchasing the 75usd strike price Calls with
an expiration date of 2024-2-16,
for a premium of approximately $4.40.
If these options prove to be profitable prior to the...
The Trade Desk ( NASDAQ:TTD ) is making waves once again. The company's recent announcement of robust first-quarter guidance and revenue surpassing expectations has sent its shares soaring by over 18%. This remarkable performance underscores The Trade Desk's pivotal role in the evolving landscape of advertising technology.
The Trade Desk's Impressive...
TTD setup looks excelent:
- The long term log scale trend line has held
- Tested and held the 200 Weekly MA twice
- The 20 Week MA has been tested and multiple times and price looks ready to start closing above it
- The short term down trend has already broken with the last weekly closing candle
This could be the start of the next impulsive move up. I am playing...
TTD has been looking really good lately. Been tightening in a wedge since mid 2023. Currently sitting above the major EMAs and working on an inside candle today and showing decent relative strength after the weak CPI print earlier this morning. Earnings in 2 days, and have posted 5 consecutive beats.
TTD is just a strong resilient stock. one of the top 25 in the Nasdaq this year. there was speculation they were going to be added to SP500 but ended up being uber. It's consolidating here but in an uptrend. it also looks like it has a triangle forming here
If you haven`t sold TTD on this bearish chart pattern:
Then analyzing the options chain and the chart patterns of TTD The Trade Desk prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 2023-11-10,
for a premium of approximately $3.60.
If these options prove to be profitable prior to the...
TTD
Uptrend move for the 1st half of 2023. Double Top pattern formed July & August 2023 that broke down trend.
After uptrend was broken, price started to move sideways and had formed a descending triangle.
Price finds itself at resistance area of triangle.
Will be entering trade short.
Entry: 82.32
Stoploss: 92.45, -12.31%
Target : 42.61, +48.24%, 3.92 RR ratio
NASDAQ:TTD Back on August 9, I posted that The Trade Desk was showing signs of a double top. Since then, the price has fallen by 30%.
With the adverse reaction to the earnings report on Friday, the risk-reward ratio has improved, and I bought a tiny starter position.
Why?
Well, the stock bounced from the 61.8% Fibonacci retracement, and both RSI and MACD...
Here, as you can see on the weekly chart, we have formed a double bottom. We are also bouncing off of the 25 EMA as well. The volume was a little higher than last week. And we have had 2 green weeks in a row. Also, the MACD has turned bright red indicating that potentially the selling pressure has subsided. Also, the technicals are all pointing bullish. Also, on...
If TTD closes below 75.48, it would be a good short setup. Target 1 in 62,45.
Climatic upmove, breakdown and a low volume pullback.
If it breaks 80 I expect a retest of the 89.90 area.
NASDAQ:TTD It looks like a double top. RSI and MACD are showing bearish divergence. So I bought tiny amount of puts today. My downside target is $76 after ER. 👇
New bullish alert on TTD together with a new attempt to create a bullish crossover by our EMAs.
Waiting for the next move.
Up, to confirm the crossover and the end of the pullback
Down, to extend the pullback lower.
Price has broken the high on the sell side of the cup.
Targets calculated using cup depth.
Overbought with RSI set on 80 vs 70. The setting of 80 is sometimes used for high momentum movers.
T1 has been met. T2 is calculated in case T1 is passed.
No recommendation.
Entry: when price clears 78.60
Volume: greater than 7.15M
Target: 87 area
Stop: Depending on your risk tolerance; 75.81 gets you 3/1 Reward to Risk Ratio.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this...
