TTD trade ideas
TTD double top to close gap ?Fibonacci levels are on the chart. Trendline aligns with fibonacci levels. also 50sma is in that area. with that being said, it will drop hard if it loses those support
If ttd falls below 86.95 that would be a double top here
Or we could bounce off 87$ and head back up to resistance at 96$.
I think whichever way the broader tech market goes so will ttd
$TTD - wave theory updateNote: Bulls - we could have bottomed for wave 4 already - or Bears -we are in a complex correction that could go as low as 91 a share. As of now I favor the bear count (shown) meaning pump then flush again. But that changes the second downtrend is broken
Right now this is ripe for swings on both sides (long and short), but be smart about taking gains until the downtrend line breaks.
Highest probability trade here is to draw the downtrend line channel and alert on it - breakout buy half position - retest load the other half. PT 125+ here soon
11/21/21 TTDThe Trade Desk, Inc. ( NASDAQ:TTD )
Sector: Commercial Services (Advertising/Marketing Services)
Current Price: $107.79
Breakout price trigger: $112.00
Buy Zone (Top/Bottom Range): $105.80-$98.40
Price Target: $128.60-$130.00
Estimated Duration to Target: 48-51d
Contract of Interest: $TTD 1/21/22 125c
Trade price as of publish date: $4.20/contract
$TTD Trade Idea (High Alert)Watching $TTD over ATH. Also looking at a red to green or bounce. Had a ton of flow coming in on Cheddar Flow last week and is still very strong especially if we can get an aggressive market to the upside.
Entry: Red to Green, Bounce, or over 100.50
Targets: 102.50, 104, 108.50
Contract: 11/19 105c
Stop Loss: 15%
TTD: Bullish Pennant (32%) Ascending Triangle (86%)TTD is a service company part of the Information technology sector.
Left hand side graph shows a confirmed bullish pennant on the daily with a possible total gain of 32% and a price target of 122.04$.
Right top graph shows the weekly chart with a confirmed ascending triangle and possible gains of 86% for a price target of 178.94$.
The information technology sector is shown on the bottom right graph (weekly chart). This time we have price action running within an ascending channel with an obvious uptrend. This reinforces the possible gains for TTD. Information technology is carrying stocks within the sector with a pretty good momentum with no end in sight.
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Relative Strength continues in $TTDThis is a great example of a favorite chart construct of mine. Regardless of the ticker (although I do favor $TTD) I find this chart construction to be very beneficial to keeping things simple, effective and efficient. The following are key takeaways...
Top third - Current price, line chart - looking for absolute support/resistance, uptrending/downtrending specifics. --->>> K.I.S.S. mentality here.
Middle third - Price of underlying vs. $SPXL (in this case) - Relative strength of the underlying security vs. $SPXL gives a great shot of whether or not I even need to be considering a specific holding over $SPXL. I also show the 63 day SMA on this ratio chart.
Bottom third - RSI of the RS chart (middle third) - the goal here is to look for trending momentum either up or down as well as spotting critical divergences. I find divergences of this magnitude to be more reliable (tradeable) than your average price of underlying divergence. Shown is an example with $TTD..
@dgorghuber (TV)
@Futures_Runner (Twitter)
$TTD: Long term trend active...$TTD offers a tremendous trade opportunity here, after barely missing a long term support level which would have been a good long term entry to join the trend and reacting to it, I think it's worth it to pay up and jump into it ASAP. If price were to dip into support, you may add to your position, but it isn't worth depending on limit orders that might never get filled to enter.
As long as price holds over $75, the setup here is likely to pan out between now and August 2022.
Best of luck!
Cheers,
Ivan.
The Trade Desk Short Setup Trade the Range until it breaks and here we have a classic example .
TTD has been inside this range since Nov 2020 and has respected
the Top , Bottom and mid range of this descending channel .
We are currently approaching a key resistance at the top of the
Descending channel .
Hitting the very top Fib level that I have marked and rejecting there would add to the
pattern thus far of another lower high.
This of course can claim that resistance and hold but keeping things
simple and trading the range until it breaks is the best play.
SL placement is straight forward here and depending on your appetite for
risk the widest option is above the ATH or the alternative lower highs depending on your entry and risk management .
Know your invalidation and Like and Follow for regular analysis .
Ascending Triangle Forming- BullishTTD looking really nice here- Big ascending triangle forming along with a falling wedge on shorter timeframes (not pictured). Will be looking for a breakout from this triangle (Broader Markets Permitting) - Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones - Bullish & looking for a breakout
- EMA's consolidating- sitting right on the 200day EMA
- Inverse Head and Shoulders formed on the weekly timeframe (See Chart Below)
- Bollinger Bands Squeezing on the weekly timeframe as well
- Bullish Gartley formed on the daily timeframe (Not pictured)
- Slight bullish divergence on the RSI
PT1- $74.33
PT2- $76.55
PT3- $78.33
PT4- $83.34
Weekly Timeframe-
TTD breaking outTTD's break out looks like it has legs to retest previous highs. MACD is forming a bullish cross while the 50-DMA is beginning to curl up towards the 200-day. RSI is showing strength and 812% of the average call volume traded today for TTD showing lots of bullish bets on the continuation of this bullish trend.
TTD's price action is most likely related to the fact that SNAP reported minimal effects from AAPL's new update on their advertising/marketing, which should apply to The Trade Desk as well.
TTD reports earnings on August 12th which I expect to be a beat with the current estimate for EPS being $0.13. Earnings price action has been positive as of late. TTD should trade up into earnings and pop even further if there is a beat.