TTD trade ideas
TTD5.3.20 TTD Part 3 ( don't get spastic...relax, keep an open mind...be patient and it will workout just fine ).
Closer look @ TTD5.3.20 This is a closer look at TTD using a daily chart and making various observations and soundbites. please give a thumbs up if it was useful to you, thanks
mentors5.3.20 some training, mentors, video courses that I have experienced in my past... as a response to questions I have received from followers. (I said one guy offered a chat service for $100 per hour....that is wrong...it was1$100 per month....Sorry about that...and I did not think it was worth it for me ).
TTD5.2.20 TTD equity. This is a great market to use the tools that I like to use. I am a little uncomfortable that I talked about a Spike which are probably better used on much smaller time frames, and to the extent that it is an algorithm, there is a lot of subjectivity around it. Since I decided not to redo the video, just look at spikes for entertainment purposes for now until you decide to work with them, and then work through the issues.
Looking for 250Waiting for breakout and will enter 250c, watch for 200sma above to take first profits
took profitsshould only have runners from here, the entry on 250c was great leave one as a lotto for the week
Inv h&slooks good for calls, may just be a bullish channel, 200c would be a good lotto, use channel bottom or right shoulder low as SL
TTD Restest/RemountTTD has retested its previous breakdown level of 180 and couldn't hold. It has closed on red volume combined with a shooting star doji. This indicates a remount back to the downside with a target towards old breakout lows of 140.
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The trade Desk Day Trade $ttd
Having initially popped on great earnings the market wide selloff ensued.
Possible for a strong reversal as long as day holds up.
Trade Desk completing C wave of a correctionLooks like wave 5 of Wave C is now complete. Looking for more upside going forward.
TTD Round DownTTD is below its 50 sma on the daily chart and showing a rounding pattern to the downside. I believe this momentum downward will continue with the overall market, carrying this into its 200 sma as a target at 245.
TTD Ascending Channel$TTD has been a real winner over the last few years. The company is firing on all cylinders and earnings have reflected that. The company offers a software platform used by digital ad buyers to purchase data-driven digital advertising campaigns across various ad formats and devices. And, their fast growing segment is connected TV (CTV) which is still very much in the early innings.
Let's see how it holds up given the overall current market conditions. If it does breakdown out of the channel, it could easily get back to around $180, where we've seen good support a few times over the last year.
The Trade Desk resistance levels | Targets to watch $ttd
Earnings highlights
The Trade Desk (NASDAQ:TTD) is rebounding somewhat from today's drop, up 4.8% in immediate postmarket action, after it solidly beat expectations with its Q4 earnings.
Quarterly total platform spend topped $1B for the first time, capping a record spend for 2019 of $3.1B.
Revenues grew 34.5% for the quarter, to $215.9M (and helped drive full-year 39% growth to $661M).
Net income jumped to $50.9M from $39.4M on a GAAP basis. Non-GAAP net income rose to $71.6M from $51.1M.
EBITDA rose to $83.5M from $67.1M.
Omnichannel solutions were a strategic focus, the company says. In channel spend highlights (full 2019 compared to 2018): Connected TV grew about 137%; Audio grew more than 185%; Mobile video grew more than 50%; Mobile in-app grew more than 67%.
For Q1, it's targeting revenue of $169M (above consensus for $160M) and EBITDA of $35M. For the full year, it's targeting total gross spend of at least $4.24B; revenue of $863M (above an expected $860.8M); and EBITDA of $259M.
Company profile
The Trade Desk, Inc. is a technology company, which engages in the provision of technology platform for advertising buyers. Its products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces. The company was founded by Jeffrey Terry Green and David Pickles in November 2009 and is headquartered in Ventura, CA.
Seems to obvious...TTD is painting such a strong cup and handle breakout pattern here that it feels like one of those trades EVERYONE sees, which brings the skeptical contrarian in myself to the table...
None the less the setup is looking beautiful. Currently a short term pull back at new highs, the sell-off yesterday was bought up during the day. Volume has been lower during the consolidation period vs the previous impulse higher. Per "rule" I'd expect once TTD breaks out out over 290, it could sale up to around $400.
Threw in the rising wedge formation though...typically a more bearish pattern, and something to be aware if there is either
1. A breakdown below it could see price find support around 258 or 232 near the 200 MA.
2. A breakout and then potential retest of the break before moving higher based off the wedge.
Trade Desk ShortBearish divergence. Trend lines well established.
Look for a 5-20% move from current price.
