The price of MDB is formed a good pattern
of double top
confirmed by a nice divergence
also the second top is formed by a very strong bearish bar
so a sell order at the close of this bar
another sell will be opened at the the break of the nick line if happened .
MongoDB almost tripled between November 2022 and November 2023. Now some trend followers may see opportunity in its latest pullback.
The first pattern on today’s chart is the falling trendline along the peaks of July and September. The software company broke it about a month ago and is now probing the line from above. Will old resistance become new support?
The...
MDB key levels for weekly swing trade.
Little bit of negative reaction after earnings which gives an opportunity to go long on these dips
Targets: 439.26, 474.18, 516.85
Support: 397.26, 366.91, 325
If you haven`t bought the dip on MDB here:
or sold before the previous earnings release:
Then analyzing the options chain and the chart patterns of MDB MongoDB prior to the earnings report this week,
I would consider purchasing the 435usd strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $23.50.
If these options prove to be...
MDB is in downtrend, Below 50EMA, on the way to fill the gap below. A big Volume Shelf gap and no support upto 290.
Downside Target#1 - 290.
If that breaks, another Volume Shelf Gap and an Imbalance, further downside possible.
Downside Target#2 - 240.
CITI posted that some 20 growth stocks might be a good opportunity. I like the nice bounce today; pretty good volume. Possible 60 points to reach the first resistance.
Entry Point:
A prudent entry strategy for MongoDB (MDB) involves waiting for the price to test the established trend line. By doing so, you aim to confirm the resilience of the bullish trend and enhance the likelihood of a profitable trade.
Stop Loss (SL):
To manage risk effectively, consider setting your Stop Loss order at the level of the last bearish candle....
If you haven`t bought MDB here:
Then analyzing the options chain and the chart patterns of MDB MongoDB prior to the earnings report this week,
I would consider purchasing the 400usd strike price in the money Puts with
an expiration date of 2023-9-1,
for a premium of approximately $35.55.
If these options prove to be profitable prior to the earnings release, I...
Broke the trendline but the price is still hanging in there... I think this is also a good time to short for a target of 360. Looking at the overall market condition/weakness... might be good risk reward to the downside
NASDAQ:MDB looking like a failed breakout rest setup heading into early next week.
Volume pattern since earning powered gap up has been exceptional increasing the odds of the stock continuing its march into higher grounds.
After the report, there was a significant upward gap followed by a period of consolidation known as a classic sideways movement or a range-bound market. Typically, when a breakout occurs from such a consolidation phase, it often indicates the formation of a sustained trend in the direction of the breakout.
TP1 430 TP2 457
SL 363
Mongo DB (MDB) Seems to breakout out of the 400$ region. If this breakout stands, our next target will be 450$. When trading Stocks we always have the overall markets in mind (sp500, Nasdaq). For now both markets are bullish, so we can look at a nice rally for MDB
NASDAQ:MDB Nice and Tight after its earning gap up on June 2nd. Its been consolidating gains very constructively increasing probability for momentum continuation to the upside.
Makes it to primary list for early next week.
