1TTD trade ideas
TTD low cheat breakout (Mark Minervini VCP)Buying 10% position in TTD here. Breaking out of "low cheat" pattern per Mark Minervini investing style (See his book "Think & Trade like a Champion"). This is an early entry that indicates the stock should breakout it's typical pivot point.
Volume on the breakout today is already over 400%!!
Stop loss around 8%
20-25% profit taking target.
$TTDEntry price : 866.37
Fundamentals :
- Sector: Business services - Advertising
- EPS % Chg (Last Qtr): 110%
- EPS % Chg (Previous Qtr): -10%
- 3 Year EPS Growth Rate: 50%
- EPS Est % Chg (Current Yr): 35%
- Sales % Chg (Last Qtr): 32%
- Sales % Chg (Previous Qtr): -13%
- 3-Year Sales Growth Rate: 40%
- Annual Pre -Tax Margin: 30%
$TTD Reversal before the runI think i am hoping that this big tech media company follows it's history. see the previous divergence of RSI down + Price going up indicating bear action. then it kicked it higher after the consolidation...here's to its run to 1000 this year ....but this market is volatile, it could freefall as anything can go down.
Does anyone know details on the application of pitchforks?
TTD Short TermTTD has been on a remarkable run this year. Expecting it to breakdown and fill the gap between $650-700. Depending on the overall market health, I would expect it to touch the lower trend line of the first box, in the $616-$645 range. If the bounce isn't strong enough to regain the trend line, I could see it touching the upper line of the lower box.