Mongo DB is off 18% this week due to Amazon making announcement they will offer similar cloud data services. Watch for basing at 74 back up to $80 on fib retrace on next week. MACD showing blue crossover this week. MDB AMZN
MongoDB seems to be channeling in an upward trend. It just bounced off of resistance and is heading back down to 61.
$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...