1TTD trade ideas
Bouncing off 200 day moving average which is long term supportThe entire group is taking a break now SAAS stocks are all down OKTA TWLO ZEN NOW and TTD
But as a group they are meeting and beating their earnings estimates.
TTD beat and guided higher while posting a 41% increase in sales as they usually do.
I think the weakness is a short term move from growth to Value by the big $$ factor players.
Its a little worrisome that the trend line was broken but I see this as a buy.
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.