MongoDB, Inc.
Updated

Stock to watch

207
Not actionable! but, it is really interesting to watch. MDB dropped 8% today shaving all of its profits since 5/19. now it sits at a 200$ psychologically important level. The 50EMA support level ranges from $182.8 to $175.
8% drop forms a sell signal but have to keep in mind that it had an incredible performance from 5/4 to 6/2 where it was up more than 50% from $154.9 support level.
MDB is a database subscription company, I personally had some user experience while i was working on a web dev related project. It provides a modern and easy to use user interface with non SQL database.
Trade active
MDB currently climbed back to its 21-day moving average! looks health and actionable. one more thing to consider is that MDB currently does not have impressive volume as support.
Note
stop loss was triggered.
what happened in 05Jun happened again.....
this is not a good sign

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