yasen362

Stock to watch

yasen362 Updated   
NASDAQ:MDB   MongoDB, Inc.
Not actionable! but, it is really interesting to watch. MDB dropped 8% today shaving all of its profits since 5/19. now it sits at a 200$ psychologically important level. The 50EMA support level ranges from $182.8 to $175.
8% drop forms a sell signal but have to keep in mind that it had an incredible performance from 5/4 to 6/2 where it was up more than 50% from $154.9 support level.
MDB is a database subscription company, I personally had some user experience while i was working on a web dev related project. It provides a modern and easy to use user interface with non SQL database.
Trade active:
MDB currently climbed back to its 21-day moving average! looks health and actionable. one more thing to consider is that MDB currently does not have impressive volume as support.
Comment:
stop loss was triggered.
what happened in 05Jun happened again.....
this is not a good sign
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