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Trade Desk (TTD) Trend Breakout Setting Up

Trade Desk (TTD) Trend Breakout Setting Up

by | Oct 13, 2021 | Chart SetUps

Trade Desk (TTD) nice setup forming with shares breaking a downtrend this week and looking to clear monthly value this morning above $75.25. A nice trigger setting up is also VWAP from the August highs at $76.15. Shares have room to run on a breakout with an untested VPOC above at $83 from September and then new highs above $90. The broader weekly range targets a move to $115. MACD had a bullish cross this week and RSI is breaking out of a two-month range today and leading price momentum, plenty of room to run. TTD has seen buyer recently in the January $84 calls while the November $85 calls with buyers in mid-Sept. Cleveland Research positive on 9/30 noting that their work suggests the company can outperform current consensus expectations through FY22 and that its Connected TV, or CTV, share can double in 2022 and reach over 30% by 2025