JimmyTurner
07-06 07:38

$Trade Desk Inc.(TTD)$ The chart shows a descending or falling wedge pattern. The RSI is oversold and the stock has been beaten down significantly. We saw some strong consolidation recently and it's now testing the upper trendline. If I had to guess, some news might be released soon, or other traders could notice this setup, potentially leading to an influx of buying to break the stock out of the wedge. The recent price action in $Strategy(MSTR)$  highlights what can happen with this type of pattern—it moved from $80 to $101 in a very short period.

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