Constantly seeing breakout trends since the IPO in October. Flipping between resistance and support, I think we are in a support trend now and then going to follow a resistance trend following in the next few months
Interesting development, dove past the original $54.75 support and bounced off the new $45.89 support. Will be watching next couple of weeks, if it bounces of twice and breaks through I may reenter.
I couldn't have asked for a better setup. We are in a GREAT buy zone (between 2 green dashes) and WITH A BREAK of orange trend line, my oh my. We are going to be flying. A fundamentally sound growth company like this... what more could you ask for!?
QUESTIONS WELCOMED BELOW. I WILL KEEP UPDATING THIS TRADE AS IT PLAYS OUT!
Every time TTD beats earnings it seems to immediately break, resistance and bounce off support a couple times. This recent earnings brought unprecedenteded growth and is identical to the earnings beat on may 11th. If it follows the same trend it will drop to lows that were established the day of earnings. Then rise higher then on earnings and form resistance there...
The previous attempt to open the position failed. It happens, it's a market. But after a good correction, I think the stock is ready to grow. I will buy after the breakup of the price of $ 39.5$, provided that the volume will be good
