NASDAQ:PUBM - My take on first month of trading

NASDAQ:PUBM   PubMatic, Inc.
Disclaimer: The idea and analysis are for educational purpose only. One should not take it an advice to buy or sell any financial asset. You must carry out your own analysis or seek professional advice before making any financial decisions. I or anyone affiliated with group are not responsible for any gain or loss resulting from actions and decisions taken based on the content of this group.

The stock debuted on 9th December so there isn't much data to work with. Usually I avoid stocks with less than 6 months of history. I will explain that in future session.

As you can see, level of 25.49 is very crucial and an hourly close below that level will result in a downward trajectory. You will want this to close above 26.44 with increasing volumes. If that happens then it is likely to gain upward momentum. The first resistance will be 28.74, if it cross that then it can go to 30.50 and even higher.

On the downside, it has support at 24.30. Break of that can lead to ATL at 22.40.

I hope this helps. Feel free to post your comments and/or questions

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