MDB is in at the bottom of its downward channel. Buy here below $118 and sell towards the top of the channel $126-129. I will add short as it reaches to the top of the channel. This stock can be pretty volatile so maintain stop losses, as always. Good luck.
10MA crossed 20MA yesterday.
MACD also followed the same pattern.
RSI(14) is around 60s
CCI(20) is around 118 (Kinda overbought but still continues)
BB also tightening which also implies a move coming.
First level $176.84
If pulls back to $160, Enter
if not, stop buy at $167.85
MongoDB, Inc. (MDB)
Why MongoDB Stock Soared 44.8% in March:
Shares of MongoDB (NASDAQ: MDB) surged nearly 45% last month, according to data provided by S&P Global Market Intelligence, following the cloud database company's excellent fourth-quarter report.
MongoDB's revenue rocketed 71% higher to $85.5 million, besting Wall...
lol, honestly, I don't even dare to short mdb.
However if i were to start a position, it would be at $150 because the latest analyst pt was around $150s, and the RSi is just so high already, it's gotta reset a bit.
But if there's one stock that doesn't give a shit about the market condition, or spy. that would be MDB.
Literally the only stock to be buying the...
Mongo DB is off 18% this week due to Amazon making announcement they will offer similar cloud data services.
Watch for basing at 74 back up to $80 on fib retrace on next week. MACD showing blue crossover this week.
$MDB is a great company and I like the technology (I'm a software developer). Although I think with today's candle closing near the low, a potential gap down is in the books that could trap people that bought yesterday. So there's a potential to make money with puts or shorting the stock if that gap down does occur. Would be a gap and go.
For at least a couple...