APPS - Signs of a big reversal?

Digital Turbine Inc is an independent mobile growth platform. It offers end-to-end products and solutions to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. Its operating segments are On Device Solutions and App Growth Platform.


Shares float: 86.431M

Surprisingly good ER from August 7, 2024

We've recently witnessed a significant overextended breakout, and there's potential for a pullback to the 2.60 zone, which could present an ideal entry point.


Breakout Zone: $3.70

Action: If the stock breaks above this area with strong volume, it might signal a continuation of the upward trend.

Overall Market Sentiment:
Currently, the market seems to be in a correction phase. It’s crucial to consider this sentiment when making trading decisions.

Resistance Points:

$3.70
$4.50
$5.10
$6.00
$7.40
$9.20

Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains.

Trading Strategy:

Take Profit (TP): Set a target at $10.00

Stop Loss (SL): Set at under $2.40 to mitigate potential losses.

Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.

Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.

Disclaimer: This content is for informational purposes only and should not be considered financial advice.