Stock Idea: APPS - Long term swing trade(APPS) Digital Turbine has been consolidating all of 2021 after its market leadership last year. Difficult to say if that same leadership will continue, but the evidence suggests this is a good spot to put APPS back on the radar for a long position.
A view applying the 50 day and 200 day moving averages:
The Monthly View:
I'm long from Wednesday and looking to add on short term weakness
APPS
APPS - Ad tech sector with upgradesTTD MGNI PUBM all received upgrades from Analyst Berenberg. APPS is in same sector and had an upgrade about 2 weeks ago. It broke thru resistance and look for resistance at .786 Fib level. FOMC today, jpow mentioned tapering soon as November, but I see the stock market going up in the next 3 months.
I havent been actively trading lately, as I have not seen any great setups and option flow. Trade safe!
APPS - Strongest!-Digital Turbine is one of 617 companies in the Computer and Technology group. The Computer and Technology group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
-Within the past quarter, the Zacks Consensus Estimate for APPS's full-year earnings has moved 42.22% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
-According to our latest data, APPS has moved about 37.48% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 19.72% on a year-to-date basis. This means that Digital Turbine is outperforming the sector as a whole this year.
-APPS will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
Pre market Jumps became quite common!In the last 2-3 days many asked me about premarket moves and long candle shadows! Strangely, in some platforms these moves are so bold while in the others not, and there are lots of discrepancies between different platforms data..!
I believe the main rescan for this phenomenon could be low volume trading and low liquidity in pre and after market!
Another reason could be impatient people/investing firms who think this is going to be the last bearish day, let’s buy!
But what makes it strange is, you can see this trend it everywhere..???🧐🧐🧐
I usually tell people don’t get involved in pre and after market! Look at the main session !
Look what happened to those who bought in pre and after market this week , as soon as market was opened ,nothing has left for them except REGRET & INSTANT LOSS.
moshkel
SOS - sink or swimSOS at an area of value here. Mr wonderful has talked this stock up big. But I cant say I trust a talking (bald)head. Load up with stop loss right below support and you have a very low risk trade. Or go short with stop loss above...It can either breakout or breakdown from this point of support. I'm honestly leaning more towards breakdown....Please let me know your thoughts!
I will be waiting for a few pieces of information to come in before making a decision on long/short. Namely, consolidation on the MACD to break (preferably a nice angle >20degrees or so), move off area of support, and a solid trendline that needs to break. If it checks off these boxes I'm going long.
Theres potential for a massive move soon as SOS historically does..Wait for that buy signal!
$APPS - Once again poised for a break upward. Disclaimer: I have been long on $APPS since around August of 2020, accumulating shares on pullbacks recently and I now hold 200 shares. I am not a financial advisor, nor is this financial advice.
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- After a killer earnings report sending the stock flying a few weeks ago, the gap has been filled and a break again upwards seems to be on the verge of happening once again. The stock seems to have entered a new channel range using its previous channel as new-found support.
- Additionally, a recent descending wedge (often bullish) seems poised to be broken out of, possibly as soon as tomorrow, which can send the stock bouncing rapidly to the upside and potentially hitting the upper threshold of its new channel range thus breaking ATHs as well.
- I have accumulated more shares after the company's recent earnings report at $85, $75, $67, and again this morning at $79/share completing my position for the short-term with 200 shares. My short-term price target is $100 where I plan to sell 10-20% of the position and potentially reload on a pullback in the event the upper threshold of the new channel I've drawn is not broken.
- Technicals aside, this is a great company to be invested in with a very solid business model in my honest opinion. I enjoy swing trading the stock due to its volatility, but it is a fantastic long-term hold.
Have a great day/evening everyone and happy trading!
- Sean J.
Elliot wave theory in practice!Almost 17500% gain in 4 years and the correction that has just begun!
Potential price drop:55-60%
Reward/Risk:3.3
Timeframe: 1 year
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
AAPL wait for the buy"Red in the morning, take warning." I got some nice dip buys but will not be entering unless solid confirmation of continuation. This broke down below its channel, it needs to fill out this descending wedge(bullish pattern) before I enter. Will get that buy signal soon in my humble opinion.
Cheers!
APPS - consistent returnsSelf explanatory. Buy the dip, good to have cash on hand to seize the opportunities the market presents. Not always good to leave money on the table.
Switch the chart to candles and you can identify some great bullish candles at the reversal. Tweezer bottom got me looking at buying calls. The buy signal confirmed it. Ride the wave up and set the stop loss for some good risk/reward. Next signal was clear momentum play as the price moved above the cloud.
Safe trading! Like/Share!
Long Digital ad space, earnings run upTTD crushed earnings on Feb 18th by beating eps by 60%, revenue by 9% and guided higher next quarter. MGNI provides sell-side advertising platform (ER on 24th) for possible earnings run up and same sector play. The open interest for March $60 calls is over 6000.. KBNT is another stock in the tech ad sector, but it already gapped up over 80% last week. APPS gapped up friday as well. Good Luck!