Contrarian Post Earnings Play with 20%+ upside potential
Huge sell-off post earnings. Market overreacted after a great year for TTD. Technically the sell-off can not be supported. When RSI was in such levels before, stock bounced back. Accumulation/Distribution Index is on the rise, meaning that we might have a positive divergence. Personally, it is the first time opening a long position in TTD. My entry was at $82.96. First resistance level is at $91 and second one is at $100. I will consider a partial close of my position at the $100 mark.
Wishing all of you sharp instincts, steady hands, and plenty of green days ahead! May your charts be clear, your entries precise, and your profits abundant. 🚀📈
Wishing all of you sharp instincts, steady hands, and plenty of green days ahead! May your charts be clear, your entries precise, and your profits abundant. 🚀📈
Related publications
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.
Related publications
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.