Trade Idea: A Beatdown Tech Name Due For a Bounce
After a five month beatdown, this is a tech name that I think is due for a decent rip in the next few weeks.
This is not a stock that I've traded ever before but I've kept it in my watch list for quite some time. I watched in awe from the sidelines as it ripped off a 7x from the March low to the December high last year. I'm talking about The Trade Desk (TTD). Since that top, the stock has sold off roughly 50% in a fairly clean downward channel. This current bo…
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