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MongoDB, Inc.MongoDB, Inc.MongoDB, Inc.

MongoDB, Inc.

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Breakdown from Expanding TriangleFor MDB the structure is called an expanding triangle, its bearish with huge volatile swings. There is enough evidence to assume a break below 224.75 (blue box) will initiate a selloff to at least the yellow box (189-203 range) by next Friday 4/28. From that momentum it could complete downside target (red box) to as low as 175 before bouncing in early May. However, my point target is 189 - if it holds there, probably a good place to take profits because it will need to test low 200s for rejection before continuing down to 170s. There has been distribution since Feb. going into the expanding triangle - very volatile here but very tradable.
NASDAQ:MDBShort
by JerryManders
1
Future of MongoDBAs a programmer and investor, I was surprised to find out that MongoDB is public. I've used their services a lot, in summary; it's a great platform, great documentation for new users, easy setup and a large capacity for scalability. Their recent downturn can easily be explained from investors backing out of risky positions a.k.a tech stocks. I can easily see why someone scared of losing money would discard of their positions in a company which still hasn't turned a profit. It's most definitely a risky buy, yet it's future seems prosperous. With so many businesses going online and offloading all their archaic systems in favor of new technologies, the need for database providers is on the rise. I don't recommend betting to much on the company, but missing this opportunity would be quite a miss.
NASDAQ:MDBLong
by mikamaster_
MongoDB MDB FILL the GAP If you've been following the setups and levels given, then you SHOULD BE at least feeling BETTER these days about your positions etc. Now lets look to fill this current gap and then debate if you TP (take profits) AGAIN or ride this into the close and roll the dice on Monday open. IF you want to roll the dice, at least be out of bed and into the premarket for trimming early morning pump before pullback as they often do. Giving you the SAME risk as you'll already be taking BUT with chance and opportunity for DOUBLE dipping the gains on the move.
NASDAQ:MDB
by rarebreed29