Digital Turbine has completed a multi-year downtrend and recently broken out of its descending channel with conviction, supported by historically high volume (🔶 orange arrow). The breakout above the $3.45–$4.65 range confirms the start of a new bullish cycle.
🔑 Key Technical Highlights:
🔻 Red arrows mark major rejection zones
🟦 Breakout above prior downtrend line and heavy resistance
🟧 Massive volume surge on breakout → institutional accumulation likely.
🟢 Green volume bars show sustained demand post-breakout.
🔵 Blue arrow highlights the key retest of broken resistance, now acting as support
🎯 Bullish Path Forward:
If earnings support the technical structure, price is poised to:
Reclaim $6.12 → target $9.05 (mid-resistance)
Break $9.05 → open the path toward $21 and $32
StopLoss is set at $3.40 . Anything under this level invalidates scenario
🔑 Key Technical Highlights:
🔻 Red arrows mark major rejection zones
🟦 Breakout above prior downtrend line and heavy resistance
🟧 Massive volume surge on breakout → institutional accumulation likely.
🟢 Green volume bars show sustained demand post-breakout.
🔵 Blue arrow highlights the key retest of broken resistance, now acting as support
🎯 Bullish Path Forward:
If earnings support the technical structure, price is poised to:
Reclaim $6.12 → target $9.05 (mid-resistance)
Break $9.05 → open the path toward $21 and $32
StopLoss is set at $3.40 . Anything under this level invalidates scenario
Trade active
Super long!Note
Keep it going! Next resistance at $9.00
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.