MDB: MongoDB - time to short, cover at 61, then go long again

Short

MongoDB, Inc. (NASDAQ:MDB)

Updated

NASDAQ:MDB MongoDB, Inc.

Chart Patterns MDB

chartpattern mdb

MongoDB seems to be channeling in an upward trend. It just bounced off of resistance and is heading back down to 61.

Comment:

Looks to me like the pattern is close to finishing. It might be time to cover shorts and think about going long. Maybe wait until the sell off cools down obviously.

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