This video is an extension of my recent post MDB - bullish "Mar 22 calls will print"
I sent an update with that idea that I have been adding this morning, but didn't explain why. So in this video I explain why MDB is about to reverse big.
I compare the setup to NVDA back in Nov 2023, hope this makes sense.
My confidence that MDB will be trading in the 400s next...
MDB is completing a gnarly corrective wave and is showing signals the local bottom is in. I just entered Mar 22 420 calls for 1.10.
Buy Zone = 360-370
Initial Target = 420 by 3/20
~~If it breaks 420 it will squeeze a lot higher. If you followed me recently I was bearish on MDB and it dropped as expected, now its an opportunity to enter long.
One of my favorite...
I have tried to highlight the accumulation zones detected and the resistance zones I will be paying attention to, I have already entered and exited this stock once based on this chart and have re-entered today...good luck with your analysis
Bearish on MDB short term. Seems to be on a trajectory to low 300's by Apr 24th.
Could go lower afterwards to check its base of 250 but I doubt it. Once it reaches the low 300's I'll be very bullish.
No reason to panic yet, but there might be one if 461 doesn't hold.
This has the same setup that I've seen in any major decline following an upthrust/blow off top. Here are my expectations:
Bearish Scenario
- Gap down to 430-445 Tuesday morning (2/20)
- Dead cat bounce to test 456-462 for resistance (point rejection level = 461.53)
** IF rejected, then it...
NASDAQ:MDB If MongoDB fails to maintain the uptrend line, it may experience additional downward pressure.
The critical support level is at $366. If the stock fails to rebound from this level, it could decline further to $322 or even fill the gap at $295.
MDB is strong today despite the SPY pullback.
Strongest leg up, 3rd wave is in progress.
Once it breaks 450, can see 500 quick.
Target #1 450
Target #2 500
Target #3 560, after a pullback
On TDI we can see a complete setup. Liquidity grabbed/Stop hunting == > A big move and now PA coming back for retest. Broadly we can divide the PA in Prem/Disc. In discount levels also we can witness a Daily OB around golden Fib, expecting price to reverse from this zone.
If you haven`t bought the dip on MDB:
Then analyzing the options chain and the chart patterns of MDB MongoDB prior to the earnings report this week,
I would consider purchasing the 450usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $41.45.
If these options prove to be profitable prior to the earnings release, I would...
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trading opportunities based solely on the
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
We have after several months of equal highs a weekly confirmation in a quarterly uptrend in $MDB. Another great long shot until summer 25, look up for some upside here, just another longterm Idea, I hope it helps you out if youre searching some input! Do your own research and analysis of course,
a year full of profits I wish!
NASDAQ:MDB This one is high on my watchlist. If it can bounce off the upper downtrend line it will look to me to be a successful re-test of the breakout on Monday, Jan 22, 2024. This would coincide with a bounce off the 50 DMA area (red line). This area provides a well-defined risk reward area for me.
One to consider if it fits your trading style. Ideas, not...
NASDAQ:MDB is an Excellent example of falling channel, or bear channel
A channel on a channel.
Cool chart formation/
It is trending lower but when the downtrend resistance line breaks, that is a friendly or bullish sign.
MDB is strong today despite the spy pullback.
Once 450 breaks, this can see 500 quick and test all time highs later on .
Target #1 450
Target #2 500
Target #3 550, after a pullback
MDB price follows an impulsive structure from its Nov22 lows nicely.
Until price holds its Oct's lows, my main interpretation of the price structure suggests move to next macro-resistance zone: 550-640 in 2024.
Suggested price structure needs to be revised if price breaks down bellow 288 and above 640.
Far and away my favorite bullish setup for tomorrow. We have a really strong recovery from the selloff followed by an extremely high and tight consolidation at overhead supply, above which there is gap fill potential. On the break of 380 I have targets of 382.5 (PT1), 387 (PT2), & 391(PT3 & reach target). Please see the chart for more details!
this is for my personal use.
according to Tipranks,
"Based on 25 Wall Street analysts offering 12 month price targets for MongoDB in the last 3 months. The average price target is $462.81 with a high forecast of $500.00 and a low forecast of $400.00. The average price target represents a 26.62% change from the last price of $365.50."
