Nov. 14 at 3:30 AM
$TTD is currently trading at
$42.87, significantly below its 30-day moving average (MA30) of
$49.99 and 50-day moving average (MA50) of
$48.99, indicating bearish momentum. The RSI of 25.04 suggests that the stock is oversold, which could signal a potential reversal, but caution is warranted given the strong downtrend. The 60-day high of
$56.39 and low of
$41.77 creates a range that could serve as a reference for potential price movements.
Suggested entry could be around
$43.50, slightly above the last close to confirm upward momentum. A stop loss should be placed at
$41.50, just below the 60D low, to manage risk. Target 1 can be set at
$46.00, near the MA50, and Target 2 at
$48.00, approaching the MA30.
Overall, while the stock is oversold, the prevailing trend remains bearish, necessitating cautious positioning.
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