Their platform's ability to target specific audiences precisely is valuable for political messaging. The shift towards streaming TV also plays into their strengths, as more political ads move to these platforms. But that's not all… The company delivered better-than-expected Q2 results and guidance when it reported in early August, leading to a 7% after-hours jump in share price. Revenue growth rates were higher than anticipated, suggesting strong momentum could continue into 2025. Shares shot up from $83 to a high of $105.39 following its earnings release, and despite all the volatility in the market, it's still trading at the $100 range. The stock got a fresh daily squeeze on Friday. A fresh daily squeeze setup indicates a period of low volatility that often precedes a significant price move. This suggests The Trade Desk's stock might be preparing for another leg up. In addition, it has stacked EMAs. The presence of stacked EMAs (Exponential Moving Averages) on both daily and weekly charts is a bullish sign. When shorter-term averages stack above longer-term ones across multiple timeframes, it typically indicates strong, consistent upward momentum in the stock's price. Moreover, the stock is trading close to its highest point over the past year. This proximity to its 52-week high suggests The Trade Desk has maintained its strength and shown resilience, even in the face of recent market volatility. Together, these indicators suggest The Trade Desk could be well-positioned for further gains, particularly if it capitalizes on the expected increase in election-related advertising spending. Your Action Plan: TTD has caught my eye, and I'm watching it closely. If the market shows signs of recovering, I'll be looking for a potential entry point here. If I do take it will be with call options in my Daily Profits Live Room. Normally, access to my Daily Profits Room is closed off for paid-up subscribers. However, this week, I'm opening up my room for FREE. In fact, the action starts in an HOUR and will run till Friday. If you want in, it's simple. CLICK HERE AND SIGN UP. |
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