The Long Investor
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$TTD - RC -
🕑 Added 2025-03-24 11:28:44 +0000 UTCA number of requests for this chart since it has fallen from $141 in Nov to $53 last week
This has been a significant drop and reversal and something that should cause a concern, there are many pull backs that offer an opportunity but a breakdown like this and dropping out of the yellow channel is something you need to be cautious towards
This is not a position I would be rushing into right now unless I saw some strength building by way of a consolidation period and then a new impulse wave forming
A retest of the channel from below is likely next at $65 but a rejection here could send this lower again.
Comments
Matt Lampkin
Personally, if I wanted to reduce the size of my position on this one I'd wait for a retest of the 50MA. If it rejects at 50MA that's a good exit point, and if it doesn't reject my next target would be 200MA. The above really depends on a number of variables...like whether I'm currently under water or in profit, how long I had planned to hold, how heavy my position is relative to portfolio, risk tolerance, etc. If I feel my position is too large for comfort and I'm currently sitting at break even or in profit and planning to hold long term, I might trim at these levels. If I'm in the red and firmly want to reduce position size I'd trim at these levels. If I'm holding long term and don't want to lose money, I'm going to ignore price action and stick to my plan...
Damien O'Sullivan
If you had a large enough position in this, would you consider trimming/selling or holding?
Rob
Thanks waited for that Chart ❤️
