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Td9sequential

PUBM: another bounce candidatePUBM : 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 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. Note: 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!
NASDAQ:PUBMLong
by Elpidaldo