Looking at the MDB MongoDB options chain ahead of earnings , I would buy the $250 strike price Calls with
2023-6-16 expiration date for about
$23.60 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
For MDB the structure is called an expanding triangle, its bearish with huge volatile swings. There is enough evidence to assume a break below 224.75 (blue box) will initiate a selloff to at least the yellow box (189-203 range) by next Friday 4/28.
From that momentum it could complete downside target (red box) to as low as 175 before bouncing in early May....
NASDAQ:MDB
Weekly timeframe
* Using the disjoint channel tool, price has closed above the channel for 2 weeks in a row with big wicks, to me it's obvious it's going to $278.67 before anything, if anything
Bull: A continuous close above $232, $278.67 is next
Bear: A continuous close below $232, $190 is next
NASDAQ:MDB #MDB Looks interesting. Breaking above $243 would be bullish and could send the stock to $280 - $320 range. Downside risk is $200.
Looking like ppl are bullish again on software and cloud companies.
Target 203
Needs to test 176 mid term before making higher highs, will see if this down momentum will cause continuation to 170s
Look for small bounce in 203-208 range and then possibly 189 from there.
If that fails it will continue to 170s
Price has formed a bearish flag. Is not confirmed yet but it could open with a gap down at any day and I don't want to jump in too late. I just opened short position and I'll wait.
As a programmer and investor, I was surprised to find out that MongoDB is public. I've used their services a lot, in summary; it's a great platform, great documentation for new users, easy setup and a large capacity for scalability.
Their recent downturn can easily be explained from investors backing out of risky positions a.k.a tech stocks. I can easily see...
Initial Target is 256 by mid Feb.
- After initial target expect pullback to test support around 237 by end of March 2023
- If 237 holds it will markup to 365, filling gap at 321 in the process
- Bottom is in
Yours Truly,
Leaked Database
P.S. Feed the Beast
This one has potential to be an extremely powerful move if we don't get some unexpected bearish shock after FOMC this week. Certainly worth a shot considering the weekly and daily trends are up here, and stop is rather tight just under $197.86 when upside is potentially up to $300 over time.
Best of luck!
Cheers,
Ivan Labrie.
if u know what this software is for you should already be thinking to long. if we have a bull market or some type of "recovery" this one will pop. gl guys.
If you've been following the setups and levels given, then you SHOULD BE at least feeling BETTER these days about your positions etc.
Now lets look to fill this current gap and then debate if you TP (take profits) AGAIN or ride this into the close and roll the dice on Monday open.
IF you want to roll the dice, at least be out of bed and into the premarket for...
