MDB
"MDB" Making higher lows. Setting up to test ATH10MA 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)(NASDAQ) Buy Limit $135.11 >>> $138.74NASDAQ:MDB
MongoDB, Inc. (MDB)
Why MongoDB Stock Soared 44.8% in March:
What happened
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.
So what
MongoDB's revenue rocketed 71% higher to $85.5 million, besting Wall Street's expectations of $74 million and representing an acceleration from the company's 57% growth in the third quarter. MongoDB's results were fueled by the torrid growth of its Atlas database-as-a-service offering, which saw sales explode higher by more than 400%.
"MongoDB Atlas, our fully managed global, multi-cloud database service, achieved a major milestone in the fourth quarter, surpassing $100 million in annualized revenue run rate less than three years from launch," CEO Dev Ittycheria said in a press release. "At approximately one-third of our revenue, MongoDB Atlas' tremendous growth highlights its compelling value to enable customers to focus on innovation and offload the operational burden of database management."
Looking ahead, MongoDB expects fiscal 2020 full-year revenue to rise 36% to 39% year over year to a range of $363 million to $371 million.
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Buy Limit 1 - $135.11
Buy Limit 2 - $134.27
Take Profit - $138.74
Stop Loss - $131.47
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Take Profit = +2.69%
Stop Loss = -2.69%
No one shorts Mdb and lives to tell it's tale.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 fucking dip.
Short at $150.
stoploss $151
take profit $147.
Where I'd like to pick up some MDB shares$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 months, my plan is to initiate a position with shares at each of the three ovals.