MDB can see the massive Bullish Gartley(green),to perfection, that preceded this developing Crab Pattern... looking by Rule at the 1.618 AXA reversal on the Crab(red). High probability, no guarantee, sellers sitting at that D point by rule.
For confirmation of triangle ascending, it needs to break above $198.23. Watch for RSI resistance as well. If you find my charts useful, please leave me a "like" thx
Apparently, this is a bullish pattern and breaks up 63% of the time per Bulkowski. Measured the time and price % change from peak to trough ping pongs in this wedge, price is inherently unstable and is accelerating between ranges. Wedge resistance is $180. * 115 days to drop 39% * 142 days to rise 62% back to wedge resistance * 26 days to drop 48.5% to wedge...
MDB loosing out on steam, watch out for a temporary pullback
It is pulling back after several attempt to Fib 0.786. $148.66 is a strong support.
MDB strong support at 138.39, if breaks next target is 134.5
I like $MDB here, offers low risk, and tremendous upside if the market indeed bottomed. Over time it may reach as high as $271 per share, currently trading at 153.85. Risk is a fall under $140, so reward to risk is quite good for us here. I'll be looking at entering after the market opens, at the best possible time. Stay tuned... Cheers, Ivan Labrie.
NASDAQ:MDB is currently overbought and chart and indicator shows divergence. Also chart has retraced down below Fib 0.618 level and it has breached the support level (which previously acted as resistance). It's possible that chart will go down further below until marked support level.
We just got a double bottom on VMW, Cloud sector is a bit beat up but if we get this santa rally. expect this to pump! stoploos - $3 take profit +$3 Max target 167
MDB is in at the bottom of its downward channel. Buy here below $118 and sell towards the top of the channel $126-129. I will add short as it reaches to the top of the channel. This stock can be pretty volatile so maintain stop losses, as always. Good luck.
MDB Linked Ideas. Just strength and growth, plain and simple. Like I said, 200 or bust. Happy hunting and GLTA!!
10MA crossed 20MA yesterday. MACD also followed the same pattern. RSI(14) is around 60s CCI(20) is around 118 (Kinda overbought but still continues) BB also tightening which also implies a move coming. First level $176.84 If pulls back to $160, Enter if not, stop buy at $167.85
Current price: 136 Target 1=147 Target 2 =153 Target 3 = 165 Target 1= 8% Target 2= 12.5% Target 3= 21%
NASDAQ:MDB MongoDB, Inc. (MDB) Why MongoDB Stock Soared 44.8% in March: What happened Shares of MongoDB (NASDAQ: MDB) surged nearly 45% last month, according to data provided by S&P Global Market Intelligence, following the cloud database company's excellent fourth-quarter report. So what MongoDB's revenue rocketed 71% higher to $85.5 million, besting...
lol, honestly, I don't even dare to short mdb. However if i were to start a position, it would be at $150 because the latest analyst pt was around $150s, and the RSi is just so high already, it's gotta reset a bit. But if there's one stock that doesn't give a shit about the market condition, or spy. that would be MDB. Literally the only stock to be buying the...