I don't trade trendline breakouts as they are more failure prone. Once a trend line breaks, It gets on my list for a potential cheat formation post trendline break. $MDB is such a stock on my list. I've posted 3 setups on my feed for $MDB before (green arrows on chart)
Just finishing a small correction and then continue to upside.
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We have half formed bull flag made by earnings spike and limit buys around $ 485.50-80 looks like limit player. Main resistance at $ 542.80 can give us opportunity to make decision to for future trade. It's not financial advise. Use S/L orders for each your trade.
MongoDB's fiscal third-quarter revenue increased 50% year over year. Revenue growth rate increasing from 39% growth in the first quarter of fiscal 2022 to 44% in fiscal Q2 and now 50% in fiscal Q3. MongoDB's 50% revenue growth put total revenue for fiscal Q3 at $227 million. This was far beyond analysts' average forecast for revenue of $205 million during the...
Hi Guys , Here is my analysis on MDB what im seeing here is a rising wedge pattern , which is telling us the buyer is slowing down , volume of buying is decreasing then as we can see there is a multiple wicks rejection on the resistance above , and it shows price failed to break above 517-520 , what im waiting for right now is , to wait price to break below 500...
I've been watching $MDB for a low risk entry to get into this strong Database name. Cleared a nice shelf on the 13th and pulled back quietly last 2 days. Would love for it to "hang around" for couple more days and kicks back on (orange bars).
Incredible monthly momentum out of this name in a growing tech space
Potential bearflag here below the island (gap-up area). Unprofitable company, interest rates rising steadily. Could be vulnerable here. The options flow is also quite bearish..
Here is another example of using the 7 ema on a 3 hour timeframe
BUY 480 when retace SL 458 as low of candlestick TP trailing SL
This significant gapping up is completely unjustified so a correction to this seems reasonable, with 3 tps in place.
mongod has a nice inv. h&s. nice and deep base. of course, if tech rolls over again, mongo will not be immune.
The stock gapped up over 10% on high volume and an earnings surprise. Buy at the 5 minute opening range breakout with a stop at the lows of the day.
$MDB has been a strong stock and looks to have formed a bit of deep cup w/handle formation. After it's break of the handle down trend it looks like it may be resting or re-testing that beak-out area. I have made notes on the chart of things that are important to me. The real proper entry is when it breaks above the high of the cup formation. I like early entries...
There is also an inverse head and shoulders at the bottom but has broken neckline which can now serve as support. Golden cross noted as well. A golden cross occurs when a faster-moving average crosses a slower moving average. Typically the 50 and the 200 DMA (daily moving average) are used. The death cross is opposite and would be when the 50 crosses down and...
$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...
$MDB set to test much higher levels, $571 target. Look to enter on dip above upper trend line breakout Price action trading in a bullish descending wedge with resolution to the upside on breakout. Now above 200 dma and MACD beginning to curl back up. Trade could last several months and stop set with break below UTL of breakout.