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 got rejected at 324 multiple times. this will be a big break. Can get to 340 if we breakout on volume.
Options chain is pretty illiquid on this. So i am going with shares.
MDB is Parabolic, this is the weekly chart
A recovery from its current price point will likely take place as it did in the red rectangle before it
Leading to continuation of the parabola
Very bullish
$MDB broken out of a double bottom chart pattern from $325, general trend resumption price action behavior, rallying +17.36% within a week. $MDB is currently close at $380, its 3 months high.
With $MDB current implied volatility remaining 40% away from its peak of $26/day that was set in March 2021, $MDB remains in traction to recapture its all time high of $428...
MDB confirm pattern Flag at $ 235, current price $ 239 chance to buy with a pull back.
MDB buy : $239
MDB target : $325+
Stop loss : $225 or 6% .
Wish you a good deal !
