PUBM: another bounce candidate

Elpidaldo Updated   
NASDAQ:PUBM   PubMatic, Inc.
Growth stock. Bounce candidate.
1. We retraced 78% of the move that started in October. This level is good to initiate a long trade because it allows you to place a stop loss not too far below the line.
2. Demark Sequential is on a 9 daily. (More details below on Demark indicators)
3. RSI is low and at a level where we have seen substantial bounces in the past.

Depending on how markets open, I will look for a long entry around the current level. Swing trade.
My initial target will be 30-32, then I'll reassess. The success of the trade will depend on how Nasdaq behaves so I'll be careful and monitor the indexes closely.
I also like the fundamentals of this company for long term so I might consider a long term investment as well.

DeMark Indicators are designed to anticipate turning points in the market.
A Buy Setup occurs when there are 9 consecutive closes less than the close four days earlier.

Trade safe!
in at 25.3
partial position
full position. Long term play.

If you're in, all you have to do now is let it run with a stop below 26.32.
We got a nice bounce after my signal. But the bounce was short lived.
Got stopped out, my stop was a bit too close.
I'm looking to re long.


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