0LF5 trade ideas
Nice Swing Trade Set Up
This has recently crossed the 21 EMA , the Macd is ready to cross and the RSI is bullish . Watch the volume and Macd for confirmation of entry. Use a tight Stop Loss and sell into momentum for a quick gain. You decide when to sell using you better judgement.
This is not trading advice.
TTD Long entryTTD is one of those solid fundamental companies you want to own. The company seems to either get beat down or takes off around earnings. Even though earnings were higher than estimated the stock got beat down. I see this as a good entry point. TTD is very over sold here and just starting a run higher IMHO.
Clear Opportunity to short an extremely overvalued StockMACD has just crossed and reversed on the day chart. Stochastics also reveal in overbought conditions. Movement is to the downside now. Expect it to drop to around $180-$200 range near the 200 day moving average. Stock is extremely overpriced at more than 100x PE
TTD Nearing Support LevelsThis is an update to an earlier post on $TTD. TTD is nearing a support area with 3 different supports and will be interesting to watch. It is approaching the longer term up trend line. Just after that is the shorter term down trend line and under that still lays the 50 day SMA. I'm looking to go long on a confirmed up trend reversal off any of these areas. The first target I see is around $200. If it clears this area I expect to test all time highs.
Comments and input welcome.