Monday.com, legally Monday.com Ltd., is a Cloud-based platform that allows companies to create their own applications and work management software.
The $387.00 is being cleared. Now $393.45
Possibly worth a shot, with a stop of $384.00 target of $427.00.
Monday.com went public on June 9 and nearly tripled from its offering price by early September. Now after a pause and consolidation, it may be offering an opportunity to trend followers.
The main pattern on the chart is the steady march higher along the rising 50-day simple moving average (SMA). This move also matches a trend line that started in early August....
NASDAQ:MNDY
The lines represent the price level that has been traded upon or will be traded.
The more it hit the line, the stronger the level.
It can be use to set profit taking price or stop loss price.
Every level is of same significant until order flow trades upon it.
DYODD.
Monday.com
Mkt cap 9.37B
Prev close 204.93
52-wk high 256.16
52-wk low 155.01
Looking for a retest on ipo price before any new upwards movement. Future long term price above $240 possible.
