MDB got rejected at 324 multiple times. this will be a big break. Can get to 340 if we breakout on volume.
Options chain is pretty illiquid on this. So i am going with shares.
MDB is Parabolic, this is the weekly chart
A recovery from its current price point will likely take place as it did in the red rectangle before it
Leading to continuation of the parabola
Very bullish
$MDB broken out of a double bottom chart pattern from $325, general trend resumption price action behavior, rallying +17.36% within a week. $MDB is currently close at $380, its 3 months high.
With $MDB current implied volatility remaining 40% away from its peak of $26/day that was set in March 2021, $MDB remains in traction to recapture its all time high of $428...
