MongoDB (MDB) is setting up for a high-probability swing trade. Price has cleanly broken above the Ichimoku cloud, supported by bullish structure and a MACD crossover. This move is reinforced by upward fractal confirmations just below recent highs.
Why I like this trade:
Price broke above the cloud with Tenkan and Kijun support
Bullish MACD crossover with rising histogram
Multiple bullish fractals printed on higher lows
Target aligns with pivot resistance near $292
Stop placed just below structure to manage risk
Trade Details:
• Entry: $221.93
• Stop: $219.45
• Target: $291.93
• Risk/Reward: 3.12
• Timeframe: Daily
• Position: Long 326 shares
MongoDB remains one of the dominant players in the NoSQL and developer-first cloud database space. Strong fundamentals and high institutional adoption make this a name worth watching as it pushes into a potential breakout zone.
Why I like this trade:
Price broke above the cloud with Tenkan and Kijun support
Bullish MACD crossover with rising histogram
Multiple bullish fractals printed on higher lows
Target aligns with pivot resistance near $292
Stop placed just below structure to manage risk
Trade Details:
• Entry: $221.93
• Stop: $219.45
• Target: $291.93
• Risk/Reward: 3.12
• Timeframe: Daily
• Position: Long 326 shares
MongoDB remains one of the dominant players in the NoSQL and developer-first cloud database space. Strong fundamentals and high institutional adoption make this a name worth watching as it pushes into a potential breakout zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
If you found my trades helpful, please consider sending a tip in BTC to: bc1qr35mrh82hykpy9v6znpsyuew85x84ezjyrrf6m
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.