has been hammered in the recent sell-off in growth names, but IMO this name was already oversold before recent sell-off.
With strong earning from GOOGL, & FB (?) Could get attention from the institutions and retail to ramp to the trendline resistance by ER and higher post ER.
Lower range is well defined for now, and there is enough supply to provide better...
PUBM :
Growth stock. Bounce candidate.
Why?
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...
My entry point will be at $41.00, hopefully this Friday. Will purchase a generous handful of CALL Options @ $45.00 - expiring January 21, 2022. Looking to sell and take profits during the last week of December. Stock's finances look great.
You can point quite a few negatives on IPO $PUBM setup (deep base, plenty of supply on the left hand side, etc.)
but when it trades more vol on most recent earning that it ever did before & then they don't slam it when growth stocks are getting killed. You HAVE to take notice!
Trade opened off of the double-bottom from the PEG day low. This is my second time trying to buy this name this week. I originally bought on Monday as it began to reclaim PEG day anchored VWAP but was quickly stopped out that same day.
PUBM has good EPS growth & sales growth to support it. Buying off of this double-bottom offer a clearly-defined level to...
195-min interval - no predictions, no targets, line up the cRSI & TSI with price, follow the trend. I also changed the lower level cRSI from 30 to 20, more over-sold target and removed the top level 70 completely.
NASDAQ:PUBM
Price action suggests a potential breakout backed by momentum and cycle analysis.
Stock has extremely high short interest and with earnings report due next week, volatility is expected
I'm taking a small long position and will either exit or accumulate pending price action.
From what i researched, PUBM PubMatic has the highest short interest in the market, 55.04% of stock float shorted.
That makes it perfect for a short squeeze, taking into consideration also the recent JMP Securities price target of $64.
Maybe it was shorted because the insider Ownership Percentage is extremely high, 89.50%, and institutions wanted a piece of it...
(1) Fundamentals:
Pubmatic Inc. (PUBM) provides a cloud infrastructure platform that enables real-time programmatic advertising for internet content creators and advertisers worldwide. It operates as SSP (Supply-Side Platform). One of its main competitors is Magnite, which right now is probably the biggest SSP Player in this space (TTD works as DSP).
Nevertheless...
PubMatic, Inc. engages in the provision of specialized cloud infrastructure platform for advertising transactions. Its technology and infrastructure caters both Internet content creators and advertisers. It operates through the following geographical segments: United States, EMEA, APAC, and Rest of the World. The company was founded by Anand Das, Rajeev Kumar Goel, Amar Goel, and Mukul Kumar in 2006 and is headquartered in Redwood City, CA.
NASDAQ
