0LF5 trade ideas
TTD - Swing up opportunityTTD had a strong dip of nearly 18% over the last 4 days, retracing 62% of the recent swing up and looks to be finding support as it closed with a pin bar candle. The odds that it is done pulling back is high now that we are also seeing a potential bullish divergence between price and RSI.
Long if it is able to rise above the hi of this pin bar (@ 840.30) with initial stop loss slightly below the pin bar low @ 796.
Looking to scale out partially at least as it approaches the last high at 972 and protect the rest of the position with trailing stops
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
$TTD Cool Off, Big FellaI mean... it's gotta cool off sometime right? Divergence on the RSI is clear now. I'm looking for a pull back to about the $850 level. Confirmation during this similar situation in late Sept/early Oct came with a break of the RSI downtrend line. Overall bullish as Revenue accelerates and Gross stays in the 80% territory.
Bull FlagNot quite overbought on daily RSI as I write this
It IS overbought on weekly and monthly RSI and I have RSI set of 20 and 80 verses 30 and 70
RSI weekly is pointing down
Pushing forward to T2
NV and OBV are both high
Looks like a candle filled gap below price but not completely
Possible Support will be there in that gap and at top trendline of Flag
This is one I would like to catch one day but it a hard one to grab
Volatile
No rising wedges in the yearly chart
This stock usually has high short interest but is on the lower side for TTD
Trade safely
Just an observation
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.