From StreetInsider.com:TechTarget (NASDAQ: TTGT) reported Q2 EPS of $0.21, $0.02 better than the analyst estimate of $0.19. Revenue for the quarter came in at $31.5 million versus the consensus estimate of $30.81 million. GUIDANCE: TechTarget sees Q3 2018 revenue of $30-31 million, versus the consensus of $31.5 million. TechTarget sees FY2018 revenue of $122-124 million, versus the consensus of $123.6 million.Sharp Correction:The numbers were slightly disappointing, but the market faded TTGT more than 25% from $29 to almost $21 before buying TTGT back up to about $24. TTGT Daily Chart(click to enlarge)- As we can see on the daily chart price has been rallying persistently and sharply in 2017from a low around $8.00 to a high in 2018 around $34.50.- After this parabolic rise, it makes sense that the market needs very strong numbers to sustain a rally. - On the other hand, just a slight disappointment can sour the over-hyped mood. - I think that is where we are - the volume shows capitulation probably from some institutional selling. - I think the $20 area could be a good pivot for TTGT. It is where the 200-day simple moving average (SMA) resides. - The RSI is dipping below 30. - I think TTGT is a buy-on-the-dip candidate here especially if price is close to $20. - Even if upside is limited now, we can expect a run towards $26-$28 area, which would test the topping scenario. - If these levels don't hold as resistance, there would be a chance that TTGT can climb back to the 2018-high around $34.50.