MongoDB shares ( NASDAQ:MDB ) fell more than 20% in premarket trading on Friday due to weak guidance from the company. The document-oriented database provider, which makes money by selling add-on features and support for its open-source document-oriented database, guided fiscal second-quarter adjusted earnings of between 46 cents and 49 cents per share, well below...
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...
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
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...
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.
MDB key levels for weekly swing trade.
Little bit of negative reaction after earnings which gives an opportunity to go long on these dips
Targets: 439.26, 474.18, 516.85
Support: 397.26, 366.91, 325
If you haven`t bought the dip on MDB here:
or sold before the previous earnings release:
Then analyzing the options chain and the chart patterns of MDB MongoDB prior to the earnings report this week,
I would consider purchasing the 435usd strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $23.50.
If these options prove to be...
MDB is in downtrend, Below 50EMA, on the way to fill the gap below. A big Volume Shelf gap and no support upto 290.
Downside Target#1 - 290.
If that breaks, another Volume Shelf Gap and an Imbalance, further downside possible.
Downside Target#2 - 240.
If you haven`t bought MDB here:
Then analyzing the options chain and the chart patterns of MDB MongoDB prior to the earnings report this week,
I would consider purchasing the 400usd strike price in the money Puts with
an expiration date of 2023-9-1,
for a premium of approximately $35.55.
If these options prove to be profitable prior to the earnings release, I...
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Historically, NASDAQ:MSTR has outperformed AMEX:BITQ , I chose this ETF as a proxy of its peers as is better balanced than...
Looking at the MDB MongoDB options chain ahead of earnings , I would buy the $250 strike price Calls with
2023-6-16 expiration date for about
$23.60 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
NASDAQ:MDB
Weekly timeframe
* Using the disjoint channel tool, price has closed above the channel for 2 weeks in a row with big wicks, to me it's obvious it's going to $278.67 before anything, if anything
Bull: A continuous close above $232, $278.67 is next
Bear: A continuous close below $232, $190 is next
Initial Target is 256 by mid Feb.
- After initial target expect pullback to test support around 237 by end of March 2023
- If 237 holds it will markup to 365, filling gap at 321 in the process
- Bottom is in
Yours Truly,
Leaked Database
P.S. Feed the Beast
This one has potential to be an extremely powerful move if we don't get some unexpected bearish shock after FOMC this week. Certainly worth a shot considering the weekly and daily trends are up here, and stop is rather tight just under $197.86 when upside is potentially up to $300 over time.
Best of luck!
Cheers,
Ivan Labrie.
